Norwood Park, IL Shopping Centers for Lease
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Norwood Park, IL Shopping centers Lease Rates & Market Statistics
Explore 73 Shopping centers for lease in Norwood Park, IL on Realmo, a commercial real estate exchange covering the Norwood Park area. The current inventory totals 2,459,777 square feet of properties — an average of ~33,700 SF per listing.
Shopping centers lease rates in Norwood Park range from $15 SF/Yr at the entry level to $30 SF/Yr at the top of the market, averaging $21 SF/Yr. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. At $21 SF/Yr, the local average runs 13% above Illinois's state average of $18.58 SF/Yr.
Shopping centers make up 8% of the 948 Retail properties & Spaces currently for lease in Norwood Park, with asking rates averaging $21 SF/Yr — 15% below the citywide Retail properties & Spaces average of $24.83 SF/Yr. Tenants comparing options may also consider Storefront properties (376 listings) and Other retail properties (40 listings) elsewhere in the Norwood Park market.
