Most listings are in the $30's per square foot per year. The Bucktown submarket is seeing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 17% decline in rent.
Compared to the rest of the Chicagoland market, the Bucktown submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 10 listings have been made available, which means office spaces most likley are going fast. 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.
The standard measurement for office space in this area is around 1,600 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this market were built in 1940 and are Class B.
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 motorcycle is the most popular way to get to work amongst Bucktown occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.