On average, listings lease in the $30's per square foot per year. The Fulton Market submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $40 per sqft per year.
Compared to the rest of the Chicagoland market, the Fulton Market submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 8 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 163% of the listings in the Fulton Market are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,050 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this region were built in 1929 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Information is the dominant industry in this area. Most of the folk of Fulton Market work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.