West Town Sublease

West Town

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
4,050
As of: June 23, 2017

West Town Rates

Most listings are in the $30's per square foot per year. The West Town region is going through a a boost in rates. In the last 3 months, the median rate rose $37 per sqft per year.

Compared to the rest of the Chicagoland market, the West Town submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.

West Town Listing Supply

In the last 90 days, 15 listings have been made available, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 147% of the available leases in the West Town 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 posted, so finding a space for a small business might be tough.

Even though the median size is 4,050 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this area were built in 1929 and are Class B.

West Town Community

Market Report

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

Market Data

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