Pilsen Retail

Pilsen

Office Space Market Report

Number of Listings (last 90 days)
1
As of: December 2, 2016

Pilsen Rates

On average, listings lease in the $20's per square foot per year. The Pilsen submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 22% rise in rent.

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

Pilsen Listing Supply

In the last 90 days, 2 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 26,700 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 3 stories. Most buildings in this area were built in 1912 and are Class C.

Pilsen Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Pilsen occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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