Southwest Side Sublease

Southwest Side

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
1,270
As of: June 22, 2017

Southwest Side Rates

Most listings are in the $20's per square foot per year. The Southwest Side region is going through a an increase in rates. In the last 3 months, the median rate increased $21 per sqft per year.

Compared to the rest of the Chicagoland market, the Southwest Side submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.

Southwest Side Listing Supply

In the last 90 days, 6 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 350% of the available leases in the Southwest Side 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.

The standard measurement for office space in this area is around 1,270 sqft. Most properties in this market are close to 1 floors. Most buildings in this region were built in 1950 and are Class A.

Southwest Side Community

Market Report

Trends and status of the commercial real estate market in Southwest Side.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Southwest Side.
Research