Pilsen Sublease

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Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 27, 2016

Pilsen Rates

Most listings are in the $20's per square foot per year. The Pilsen region is experiencing a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 11% rise in rent.

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

Pilsen Listing Supply

In the last 90 days, 3 listings have come on the market, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,100 sqft. Most properties in this area are approximately 3 floors. Most buildings in this area were built in 1909 and are Class C.

Pilsen 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 area. Commute by walking is the most popular way to get to work amongst Pilsen folk. Commuting between 30 and 45 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 Pilsen.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Pilsen.