Southwest Side Retail

Southwest Side

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
2,200
As of: March 12, 2017

Southwest Side Rates

The typical asking rate per listing is in the $10's per square foot per year. The Southwest Side submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 17% decline in rent.

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

Southwest Side Listing Supply

In the last 90 days, 6 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 17% of the available space in the Southwest Side are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,200 sqft. Most properties in this market are close to 1 stories. Most buildings in this area were built in 1952 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