On average, listings lease in the $0's per square foot per year. The Grant Park submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $50 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 26 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around sqft. Most buildings in this area are approximately 2 stories. Most buildings in this area were built in 1967 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Grant Park occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.