Highland Park Sublease

Highland Park

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
1,720
As of: July 21, 2017

Highland Park Rates

The typical asking rate per listing is in the $30's per square foot per year. The Highland Park region is going through a decline in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 33% decline in rent.

Compared to the rest of the Chicagoland market, the Highland Park region has more expensive rates, and you'll need to make a great offer to be in this hot region.

Highland Park Listing Supply

In the last 90 days, 8 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 88% of the available leases in the Highland Park are subleases, so you might be able to find a shorter term or below market rent. 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 1,720 sqft. Most buildings in this area are around 2 floors. Most buildings in this region were built in 1988 and are Class A.

Highland Park Community

Market Report

Trends and status of the commercial real estate market in Highland Park.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Highland Park.
Research

Highland Park Submarkets