Compared to the rest of the Chicagoland market, the Heart of Chicago submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 9 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 11% of the listings in the Heart of Chicago 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,590 sqft. Most properties in this market are close to 4 floors. Most buildings in this area were built in 1888.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Heart of Chicago folk. 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 Heart of Chicago.
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