Pilsen Retail

Pilsen

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
1,700
As of: March 11, 2017

Pilsen Rates

The typical asking rate per listing is in the $30's per square foot per year. The Pilsen submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $22 per sqft per year. That's a 142% 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 submarket.

Pilsen Listing Supply

In the last 90 days, 1 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the listings in the Pilsen are subleases, so you might be able to snag a great spot on a short term. 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 1,700 sqft. Most buildings in this area are around 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 area. 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