Southwest Side Retail

Southwest Side

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
1,270
As of: June 25, 2017

Southwest Side Rates

The typical asking rate per listing is in the $20's per square foot per year. The Southwest Side submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $21 per sqft per year.

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

Southwest Side Listing Supply

In the last 90 days, 6 listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 367% of the available space in the Southwest Side 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,270 sqft. Most buildings in this market are close to 1 floors. Most buildings in this market were built in 1950 and are Class A.

Southwest Side Community

Market Report

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

Market Data

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