The typical asking rate per listing is in the $40's per square foot per year. The Fulton Market submarket is going through a an increase in rates. In the last 3 months, the median rate increased $13 per sqft per year. That's a 40% increase in rent.
Compared to the rest of the Chicagoland market, the Fulton Market region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 10 listings have come on the market, which means new 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 3,700 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this market were built in 1950 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Information is the dominant industry in this region. Most of the occupants of Fulton Market work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.