Hoffman Estates Retail

Hoffman Estates

Office Space Market Report

Number of Listings (last 90 days)
162
Median Rate ($/sqft/yr)
$15
Median Size (sqft)
1,350
As of: August 17, 2017

Hoffman Estates Rates

Most listings are in the $10's per square foot per year. The Hoffman Estates submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $15 per sqft per year. That's a 51% decline in rent.

Compared to the rest of the Chicagoland market, the Hoffman Estates submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Hoffman Estates Listing Supply

In the last 90 days, 23 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 43% of the listings in the Hoffman Estates 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,350 sqft. Most properties in this area are approximately 1 floors. Most buildings in this market were built in 1996 and are Class A.

Hoffman Estates Community

Market Report

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

Market Data

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

Hoffman Estates Submarkets