Edgewater Sublease

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Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 23, 2016

Edgewater Rates

The typical asking rate per listing is in the $20's per square foot per year. The Edgewater region is experiencing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 24% decline in rent.

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

Edgewater Listing Supply

In the last 90 days, 9 listings have come on the market, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 5,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this market were built in 1928 and are Class C.

Edgewater Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Edgewater occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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