Most listings are in the $30's per square foot per year. The Edgewater submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 39% increase in rent.
Compared to the rest of the Chicagoland market, the Edgewater region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 6 listings have been made available, which means new availabilities might be 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this region were built in 1928 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Edgewater residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.