O'Hare Sublease

O'Hare

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
6,180
As of: June 23, 2017

O'Hare Rates

On average, listings lease in the $20's per square foot per year. The O'Hare region is experiencing a a boost in rates. In the last 3 months, the median rate rose $26 per sqft per year.

Compared to the rest of the Chicagoland market, the O'Hare submarket has higher rates, and you'll need to make a great offer to be in this hot region.

O'Hare Listing Supply

In the last 90 days, 6 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the office spaces in the O'Hare 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 6,180 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 11 floors. 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 approximately 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