Most listings are in the $60's per square foot per year. The Streeterville region is going through a a boost in rates. In the last 3 months, the median rate went up $24 per sqft per year. That's a 60% increase in rent.
Compared to the rest of the Chicagoland market, the Streeterville region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 508 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the available 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.
Even though the median size is 2,720 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 24 floors. Most buildings in this market were built in 1965 and are Class A.
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 region. Commute by bike is the most popular way to get to work amongst Streeterville occupants. Commuting approximately 10 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 Streeterville.
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