Bannockburn Sublease

Bannockburn

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
3,240
As of: July 25, 2017

Bannockburn Rates

Most listings are in the $20's per square foot per year. The Bannockburn region is seeing a decrease in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 30% decrease in rent.

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

Bannockburn Listing Supply

In the last 90 days, 1 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 900% of the listings in the Bannockburn 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.

Even though the median size is 3,240 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this market were built in 1988 and are Class A.

Bannockburn Community

Market Report

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

Market Data

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