Matteson Retail

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Matteson

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
310
As of: May 20, 2017

Matteson Rates

The typical asking rate per listing is in the $40's per square foot per year. The Matteson submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $24 per sqft per year. That's a 105% increase in rent.

Compared to the rest of the Chicagoland market, the Matteson region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Matteson Listing Supply

In the last 90 days, 3 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the office spaces in the Matteson 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 310 sqft. Most properties in this region are close to 6 floors. Most buildings in this market were built in 1975 and are Class B.

Matteson Community

Market Report

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

Market Data

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