Streeterville Retail Space

Streeterville

Market Report

Number of Listings
Posted in the last 90 days
26
Median Rate ($/sqft/yr)
$72
Median Size (sqft)
1,190

Streeterville Rates

On average, listings lease in the $70's per square foot per year. The Streeterville region is seeing a an increase in rates. In the last 3 months, the median rate increased $32 per sqft per year. That's a 82% rise in rent.

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

Streeterville Listing Supply

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 available leases in the Streeterville are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,190 sqft. Most properties in this region are around 24 floors. Most buildings in this market were built in 1965 and are Class A.

Streeterville Community

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 around 10 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 Streeterville.
Research