Niles Sublease

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Niles

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
2,240
As of: January 21, 2017

Niles Rates

The typical asking rate per listing is in the $20's per square foot per year. The Niles region is experiencing a a boost in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 29% increase in rent.

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

Niles Listing Supply

In the last 90 days, 11 listings have been made available, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 9% of the listings in the Niles are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,210 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 1 floors. Most buildings in this market were built in 1957 and are Class C.

Niles Community

Market Report

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

Market Data

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