On average, listings lease in the $50's per square foot per year. The North Side region is going through a a boost in rates. In the last 3 months, the median rate went up $12 per sqft per year. That's a 27% rise in rent.
Compared to the rest of the Chicagoland market, the North Side region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 556 listings have been posted online, so you'll want to check back regularly for new listings. About 10% of the office spaces in the North Side 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 740 sqft. Most properties in this market are close to 2 floors. Most buildings in this area were built in 1957 and are Class B.
Real time and historical data on commercial real estate listings in North Side.
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