Northwest Side Retail

Northwest Side

Office Space Market Report

Number of Listings (last 90 days)
65
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
3,120
As of: July 22, 2017

Northwest Side Rates

The typical asking rate per listing is in the $20's per square foot per year. The Northwest Side region is seeing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 11% rise in rent.

Compared to the rest of the Chicagoland market, the Northwest Side submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.

Northwest Side Listing Supply

In the last 90 days, 65 listings have come on the market, so you'll want to check back regularly for new listings. About 100% of the available leases in the Northwest Side are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,120 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this area were built in 1950 and are Class B.

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