Most listings are in the $40's per square foot per year. The Lincoln Park submarket is going through a decrease in rates. In the last 3 months, the median rate fell $19 per sqft per year. That's a 31% decrease in rent.
Compared to the rest of the Chicagoland market, the Lincoln Park submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 31 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 16% of the listings in the Lincoln Park are subleases, so you might be able to snag a great spot on a short term. 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 570 sqft. Most buildings in this region are close to 3 stories. Most buildings in this area were built in 1930 and are Class C.
Real time and historical data on commercial real estate listings in Lincoln Park.
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