The typical asking rate per listing is in the $30's per square foot per year. The Fulton Market region is seeing a an increase in rates. In the last 3 months, the median rate rose $40 per sqft per year.
Compared to the rest of the Chicagoland market, the Fulton Market submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 8 listings have been posted online, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 163% of the office spaces in the Fulton Market are subleases, so you might be able to snag a great spot on a short term. 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 4,050 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this area were built in 1930 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Information is the dominant industry in this market. Most of the occupants of Fulton Market work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.