Heart of Chicago Commercial Real Estate

Heart of Chicago

Market Report

Number of Listings
Posted in the last 90 days
1
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
1,590

Compared to the rest of the Chicagoland market, the Heart of Chicago region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Heart of Chicago Listing Supply

In the last 90 days, 9 listings have been posted online, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 11% of the available leases in the Heart of Chicago 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.

The standard measurement for office space in this area is around 1,590 sqft. Most properties in this area are approximately 4 floors. Most buildings in this region were built in 1888.

Heart of Chicago Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Heart of Chicago occupants. Commuting around an hour 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 Heart of Chicago.
Research