Crown Point Sublease

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Crown Point

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
1,200
As of: August 17, 2017

Crown Point Rates

On average, listings lease in the $10's per square foot per year. The Crown Point region is experiencing a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 17% increase in rent.

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

Crown Point Listing Supply

In the last 90 days, 4 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 175% of the available leases in the Crown Point 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.

The standard measurement for office space in this area is around 1,200 sqft. Most buildings in this market are approximately 1 floors. Most buildings in this region were built in 1998 and are Class B.

Crown Point Community

Market Report

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

Market Data

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