O'Hare Sublease

O'Hare

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
10,290
As of: March 12, 2017

O'Hare Rates

Most listings are in the $20's per square foot per year. The O'Hare region is experiencing a an increase in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 25% increase in rent.

Compared to the rest of the Chicagoland market, the O'Hare region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

O'Hare Listing Supply

In the last 90 days, 6 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 17% of the available leases in the O'Hare are subleases, so you might be able to find a shorter term or below market rent. 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 10,290 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 11 stories. Most buildings in this area were built in 1984 and are Class A.

O'Hare Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst O'Hare residents. Commuting close to an hour 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 O'Hare.
Market Report

Market Data

Real time and historical data on commercial real estate listings in O'Hare.
Research