Find Near North Side commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Find a Near North Side commercial real estate broker in Near North Side's Top Broker Directory. Learn about Near North Side commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.
Most commerial real estate listings for lease are in the $40's per square foot per year. The Near North Side region is going through a a rise in rates. In the last 3 months, the median rate for lease went up $3 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Chicagoland commercial real estate market, the Near North Side region has higher rates for rent, and you may need to make a great offer to be in this hot submarket.
In the last 90 days, 1043 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. About 0% of the available commercial real estate leases in the Near North Side are subleases, so you will probably have to focus your search on direct leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around 2,400 sqft. Most buildings in this area are around 5 floors. Most buildings in this market were built around 1925 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Near North Side occupants. Commuting close to 20 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 Near North Side.
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