On average, listings lease in the $30's per square foot per year. The Fulton Market submarket is going through a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 14% decrease in rent.
Compared to the rest of the Chicagoland market, the Fulton Market region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 115 listings have been made available, so you'll want to check back regularly for new listings. About 10% of the listings in the Fulton Market 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 available, so finding a space for a small business might be tough.
Even though the median size is 5,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this area were built in 1929 and are Class B.
This region is fairly equally mixed residential and commercial. Information is the dominant industry in this area. Most of the occupants of Fulton Market work from home. Commuting close to an hour 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 Fulton Market.
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