On average, listings lease in the $30's per square foot per year. The Park West submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $40 per sqft per year.
Compared to the rest of the Chicagoland market, the Park West submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 1 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 710 sqft. Most buildings in this region are close to 2 floors. Most buildings in this region were built in 1828 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Park West residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.