River North Industrial

River North

Market Report

Number of Listings
Posted in the last 90 days
56
Median Rate ($/sqft/yr)
$43
Median Size (sqft)
2,400

River North Rates

On average, listings lease in the $40's per square foot per year. The River North region is experiencing a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 8% rise in rent.

Compared to the rest of the Chicagoland market, the River North region has greater rates, and you'll need to make a great offer to be in this hot submarket.

River North Listing Supply

In the last 90 days, 320 listings have come on the market, so you'll want to check back regularly for new listings. About 15% of the available space in the River North are subleases, so you might be able to find a shorter term or below market rent. 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 2,400 sqft. Most properties in this market are close to 6 stories. Most buildings in this market were built in 1915 and are Class B.

River North Community

A large portion of this area is residential, but there's plenty of office_space. Health care is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst River North occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in River North.
Research