The typical asking rate per listing is in the $20's per square foot per year. The Abbott Loop submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $17 per sqft per year. That's a 44% decline in rent.
In the last 90 days, 1 listings have come on the market, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,260 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this market were built in 1983 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Abbott Loop occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.