West Side Sublease

West Side

Office Space Market Report

Number of Listings (last 90 days)
55
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
3,280
As of: December 6, 2016

West Side Rates

The typical asking rate per listing is in the $30's per square foot per year. The West Side submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $11 per sqft per year. That's a 44% increase in rent.

Compared to the rest of the Chicagoland market, the West Side region has more expensive rates, and you'll need to pay a premium to be in this hot region.

West Side Listing Supply

In the last 90 days, 55 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the office spaces in the West Side are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,280 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this region were built in 1926 and are Class B.

West Side Community

Market Report

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

Market Data

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