On average, listings lease in the $20's per square foot per year. The Goose Island region is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 9% decline in rent.
Compared to the rest of the Chicagoland market, the Goose Island submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 15 listings have been made available, which means office spaces most likley are 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 2,460 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this region were built in 2001 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Information is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Goose Island residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.