Near West Side Sublease

Near West Side

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 27, 2016

Near West Side Rates

On average, listings lease in the $20's per square foot per year. The Near West Side region is experiencing a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 21% decline in rent.

Compared to the rest of the Chicagoland market, the Near West Side submarket has higher rates, and you'll need to pay a premium to be in this hot region.

Near West Side Listing Supply

In the last 90 days, 14 listings have been made available, which means new listings might be 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,280 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 5 stories. Most buildings in this area were built in 1925 and are Class B.

Near West Side Community

Market Report

Trends and status of the commercial real estate market in Near West Side.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Near West Side.