The typical asking rate per listing is in the $40's per square foot per year. The Fulton River District region is seeing a a rise in rates. In the last 3 months, the median rate increased $18 per sqft per year. That's a 70% increase in rent.
Compared to the rest of the Chicagoland market, the Fulton River District region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 20 listings have been posted online, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 30% of the available space in the Fulton River District are subleases, so you might be able to find a shorter term or below market rent. 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 7,130 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 4 floors. Most buildings in this region were built in 1949 and are Class C.
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 region. Commute by public transit is the most popular way to get to work amongst Fulton River District occupants. Commuting around 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 Fulton River District.
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