Most listings are in the $30's per square foot per year. The River North submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% increase in rent.
Compared to the rest of the Chicagoland market, the River North region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 44 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the available leases in the River North are subleases, so you will probably have to consider a longer term 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 2,260 sqft. Most properties in this area are close to 6 floors. Most buildings in this region were built in 1920 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Health care is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst River North residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.