Westchester Retail

Westchester

Office Space Market Report

Number of Listings (last 90 days)
55
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,410
As of: March 11, 2017

Westchester Rates

Most listings are in the $20's per square foot per year. The Westchester region is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 14% decrease in rent.

Compared to the rest of the Chicagoland market, the Westchester region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Westchester Listing Supply

In the last 90 days, 55 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the available leases in the Westchester are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,410 sqft. Most properties in this area are close to 2 floors. Most buildings in this area were built in 1986 and are Class A.

Westchester Community

Market Report

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

Market Data

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