Most listings are in the $30's per square foot per year. The River North submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 21% decline in rent.
Compared to the rest of the Chicagoland market, the River North region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 320 listings have been listed, so you'll want to check back regularly for new listings. About 7% of the available space in the River North are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,190 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 6 stories. Most buildings in this area were built in 1918 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Health care is the dominant industry in this area. 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.
Real time and historical data on commercial real estate listings in River North.
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