On average, listings lease in the $50's per square foot per year. The North Side submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $20 per sqft per year. That's a 54% rise in rent.
Compared to the rest of the Chicagoland market, the North Side 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, 39 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 174% of the listings in the North Side 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 680 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this region were built in 1957 and are Class B.