Near North Side Commercial Real Estate

Near North Side

Market Report

Number of Listings
Posted in the last 90 days
92
Median Rate ($/sqft/yr)
$44
Median Size (sqft)
2,720

Near North Side Rates

On average, listings lease in the $40's per square foot per year. The Near North Side region is going through a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 8% rise in rent.

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

Near North Side Listing Supply

In the last 90 days, 1043 listings have been made available, so you'll want to check back regularly for new listings. About 9% of the listings in the Near North Side are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 2,720 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 5 stories. Most buildings in this area were built in 1926 and are Class B.

Near North Side Community

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 area. Commute by bike is the most popular way to get to work amongst Near North Side folk. Commuting close to 20 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 Near North Side.
Research