Streeterville Commercial Real Estate For Lease

625 N Michigan Ave - 3 Spaces Near North Side, Chicago, IL open area
Sep 25
1,170 - 2,720
sqft
Sublease Office

Streeterville

Market Report

Number of Listings For Lease
Posted in the last 90 days
21
Median Rate ($/sqft/yr)
$72
Median Size (sqft)
150

Streeterville Commercial Real Estate

Find Streeterville commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Find a Streeterville commercial real estate broker in Streeterville's Top Broker Directory. Learn about Streeterville commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Streeterville Rates

Most commerial real estate listings for lease are in the $70's per square foot per year. The Streeterville submarket is experiencing a an increase in rates. In the last 3 months, the median rate for lease went up $9 per sqft per year. That's a 14% increase in rent.

Compared to the rest of the Chicagoland commercial real estate market, the Streeterville submarket has higher rates for rent, and you may need to make a great offer to be in this hot region.

Streeterville Listing Supply

In the last 90 days, 508 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 0% of the available commercial real estate space in the Streeterville are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard size for office space in this area is around 1,190 sqft. Most properties in this region are close to 14 floors. Most buildings in this market were built around 1965 and are Class A.

Streeterville Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Streeterville residents. Commuting close to 10 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 Streeterville.
Research