On average, listings lease in the $10's per square foot per year. The Old Irving Park region is seeing a decline in rates. In the last 3 months, the median rate decreased $17 per sqft per year. That's a 52% decrease in rent.
Compared to the rest of the Chicagoland market, the Old Irving Park submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 6 listings have been listed, which means spaces might be leasing quickly. 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.
The standard measurement for office space in this area is around 1,050 sqft. Most buildings in this area are around 2 stories. Most buildings in this market were built in 1970.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by bike is the most popular way to get to work amongst Old Irving Park occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.