Northwest Side Retail

Northwest Side

Office Space Market Report

Number of Listings (last 90 days)
65
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,150
As of: March 29, 2017

Northwest Side Rates

On average, listings lease in the $20's per square foot per year. The Northwest Side region is experiencing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 13% rise in rent.

Compared to the rest of the Chicagoland market, the Northwest Side region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Northwest Side Listing Supply

In the last 90 days, 65 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the available leases in the Northwest Side are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,290 sqft. Most buildings in this area are close to 2 stories. Most buildings in this market were built in 1950 and are Class A.

Northwest Side Community

Market Report

Trends and status of the commercial real estate market in Northwest Side.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Northwest Side.
Research