Franklin Park Sublease

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Franklin Park

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,200
As of: August 20, 2017

Franklin Park Rates

The typical asking rate per listing is in the $10's per square foot per year. The Franklin Park submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decline in rent.

Franklin Park Listing Supply

In the last 90 days, 3 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 333% of the office spaces in the Franklin Park are subleases, so you might be able to snag a great spot on a short term. 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 1,200 sqft. Most properties in this area are around 1 floors. Most buildings in this market were built in 1980 and are Class B.

Franklin Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Franklin Park occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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