The typical asking rate per listing is in the $30's per square foot per year. The Streeterville submarket is going through a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 12% decline 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 submarket.
In the last 90 days, 48 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the available space in the Streeterville are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,810 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 24 floors. Most buildings in this area were built in 1965 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Streeterville occupants. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.