Most listings are in the $70's per square foot per year. The Streeterville submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $32 per sqft per year. That's a 82% increase in rent.
Compared to the rest of the Chicagoland market, the Streeterville submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 508 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the listings in the Streeterville are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,790 sqft. Most properties in this market are around 24 stories. Most buildings in this region were built in 1965 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Streeterville occupants. Commuting close to 10 minutes 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 Streeterville.
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