Westchester Retail

Westchester

Office Space Market Report

Number of Listings (last 90 days)
55
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
2,890
As of: February 26, 2017

Westchester Rates

The typical asking rate per listing is in the $20's per square foot per year. The Westchester submarket is seeing a decline in rates. In the last 3 months, the median rate fell $10 per sqft per year. That's a 30% decline in rent.

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

Westchester Listing Supply

In the last 90 days, 55 listings have been made available, 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 consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 2,890 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this market 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