Most listings are in the $30's per square foot per year. The Noble Square region is seeing a a rise in rates. In the last 3 months, the median rate increased $10 per sqft per year. That's a 41% increase in rent.
Compared to the rest of the Chicagoland market, the Noble Square submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 3 listings have come on the market, which means new availabilities 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 2,200 sqft. Most properties in this region are around 3 stories. Most buildings in this area were built in 1960 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Noble Square occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.