On average, listings lease in the $30's per square foot per year. The Abbott Loop submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $17 per sqft per year. That's a 77% rise in rent.
In the last 90 days, 1 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,130 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this market were built in 1986 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Abbott Loop folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.