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The typical asking rate per commerial real estate listing leases is in the $30's per square foot per year. The Ravenswood region is experiencing a a rise in rates. In the last 3 months, the median rate for lease went up $40 per sqft per year.
Compared to the rest of the Chicagoland commercial real estate market, the Ravenswood region has greater rates for rent, and you may need to pay a premium to be in this hot region.
In the last 90 days, 40 commercial real estate listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around 400 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this market were built approximately 1968 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Ravenswood residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Ravenswood.
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