The typical asking rate per listing is in the $20's per square foot per year. The Lincoln Square submarket is going through a a boost in rates. In the last 3 months, the median rate increased $28 per sqft per year.
Compared to the rest of the Gold Coast market, the Lincoln Square region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 15 listings have been made available, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 53% of the available space in the Lincoln Square are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,710 sqft. Most properties in this region are close to 5 stories. Most buildings in this market were built in 1980 and are Class B.
Public administration is the dominant industry in this area. Most of the residents of Lincoln Square work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.