On average, listings lease in the $30's per square foot per year. The North Side region is seeing a a rise in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 8% rise in rent.
Compared to the rest of the Chicagoland market, the North Side submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 39 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 169% of the available leases in the North Side are subleases, so you might be able to snag a great spot on a short term. 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 950 sqft. Most buildings in this area are close to 2 stories. Most buildings in this market were built in 1958 and are Class B.