Des Plaines Retail

Des Plaines

Office Space Market Report

Number of Listings (last 90 days)
23
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
2,390
As of: December 3, 2016

Des Plaines Rates

The typical asking rate per listing is in the $30's per square foot per year. The Des Plaines region is experiencing a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 19% decrease in rent.

Compared to the rest of the Chicagoland market, the Des Plaines region has higher rates, and you'll need to make a great offer to be in this hot region.

Des Plaines Listing Supply

In the last 90 days, 23 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 4% of the available leases in the Des Plaines are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,390 sqft. Most buildings in this market are around 2 stories. Most buildings in this region were built in 1975 and are Class B.

Des Plaines Community

Market Report

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

Market Data

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