Most listings are in the $40's per square foot per year. The North Side region is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Chicagoland market, the North Side submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 556 listings have been posted online, so you'll want to check back regularly for new listings. About 7% of the office spaces in the North Side are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,400 sqft. Most properties in this region are close to 2 stories. Most buildings in this market were built in 1957 and are Class B.
Real time and historical data on commercial real estate listings in North Side.
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