Most listings are in the $40's per square foot per year. The Streeterville submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $21 per sqft per year. That's a 89% rise in rent.
Compared to the rest of the Chicagoland market, the Streeterville region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 44 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the available space in the Streeterville 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.
Even though the median size is 4,210 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 24 floors. Most buildings in this market were built in 1965 and are Class A.
A large portion of this market 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 residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.