Compared to the rest of the Chicagoland market, the Far East region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 16 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,010 sqft. Most properties in this area are close to 1 floors. Most buildings in this area were built in 1989 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Far East occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.