Old Irving Park Sublease

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Old Irving Park

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
680
As of: July 23, 2017

Old Irving Park Rates

Most listings are in the $10's per square foot per year. The Old Irving Park region is seeing a an increase in rates. In the last 3 months, the median rate rose $16 per sqft per year.

Compared to the rest of the Chicagoland market, the Old Irving Park region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Old Irving Park Listing Supply

In the last 90 days, 7 listings have been posted online, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 14% of the office spaces in the Old Irving Park 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 680 sqft. Most buildings in this region are close to 2 floors. Most buildings in this area were built in 1970.

Old Irving Park Community

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 residents. Commuting between 20 and 25 minutes 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 Old Irving Park.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Old Irving Park.
Research