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On average, commerial real estate listings lease in the $30's per square foot per year. The Oak Lawn submarket is seeing a a boost in rates. In the last 3 months, the median rate for lease rose $34 per sqft per year.
Compared to the rest of the Chicagoland commercial real estate market, the Oak Lawn submarket has higher rates for rent, and you may need to make a great offer to be in this hot submarket.
In the last 90 days, 30 commercial real estate listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard size for office space in this area is around 1,100 sqft. Most properties in this region are close to 2 stories. Most buildings in this area were built around 1961 and are Class C.
Real time and historical data on commercial real estate listings in Oak Lawn.
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