Morgan Park Retail

Morgan Park

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Morgan Park Rates

Most listings are in the $20's per square foot per year. The Morgan Park submarket is going through a a boost in rates. In the last 3 months, the median rate went up $26 per sqft per year. That's a Inf% rise in rent.

Compared to the rest of the Chicagoland market, the Morgan Park region has higher rates, and you'll need to make a great offer to be in this hot region.

Morgan Park Listing Supply

In the last 90 days, 4 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,200 sqft. Most buildings in this market are around 1 stories. Most buildings in this area were built in 2000 and are Class B.

Morgan Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Morgan Park folk. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.