Palatine Sublease

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Palatine

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
6,550
As of: June 27, 2017

Palatine Rates

The typical asking rate per listing is in the $10's per square foot per year. The Palatine submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $17 per sqft per year.

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

Palatine Listing Supply

In the last 90 days, 3 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 133% of the available leases in the Palatine 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 6,550 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 3 stories. Most buildings in this area were built in 1975 and are Class B.

Palatine Community

Market Report

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

Market Data

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