Edgewater Sublease

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Edgewater

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
3,100
As of: December 7, 2016

Edgewater Rates

On average, listings lease in the $20's per square foot per year. The Edgewater region is experiencing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 4% increase in rent.

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

Edgewater Listing Supply

In the last 90 days, 6 listings have come on the market, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. 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 3,100 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this region 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 folk. 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.
Research