Most listings are in the $10's per square foot per year. The Pigeon Hill region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Chicagoland market, the Pigeon Hill region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 3 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 6,700 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this region were built in 1926 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Pigeon Hill occupants. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.