On average, listings lease in the $20's per square foot per year. The Humboldt Park region is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 11% decrease in rent.
Compared to the rest of the Chicagoland market, the Humboldt Park region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 4 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 62,500 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 3 stories. Most buildings in this area were built in 1950 and are Class B.