Palatine Retail

Palatine

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
6,550
As of: June 23, 2017

Palatine Rates

The typical asking rate per listing is in the $10's per square foot per year. The Palatine region is going through a an increase in rates. In the last 3 months, the median rate went up $17 per sqft per year.

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

Palatine Listing Supply

In the last 90 days, 3 listings have been posted online, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 133% of the office spaces in the Palatine 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 available, so finding a space for a small business might be tough.

Even though the median size is 6,550 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 3 floors. Most buildings in this region were built in 1975 and are Class B.

Palatine Community

Market Report

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

Market Data

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