Most listings are in the $30's per square foot per year. The Streeterville region is going through a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 7% decrease in rent.
Compared to the rest of the Chicagoland market, the Streeterville region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 50 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Streeterville are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 1,870 sqft. Most buildings in this market are around 24 stories. Most buildings in this area were built in 1965 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Streeterville residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.