On average, listings lease in the $30's per square foot per year. The Fulton Market submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 14% decline in rent.
Compared to the rest of the Chicagoland market, the Fulton Market region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 115 listings have been posted online, so you'll want to check back regularly for new listings. About 10% of the available space in the Fulton Market 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 2 stories. Most buildings in this region were built in 1929 and are Class B.
This market is fairly equally mixed residential and commercial. Information is the dominant industry in this region. Most of the occupants of Fulton Market work from home. Commuting approximately an hour 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 Fulton Market.
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