Near North Side Office Space

Near North Side

Office Space Market Report

Number of Listings (last 90 days)
1,043
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
2,350
As of: August 17, 2017

Near North Side Rates

Compared to the rest of the Chicagoland market, the Near North Side region has higher rates, and you'll need to pay a premium to be in this hot submarket.

Near North Side Listing Supply

In the last 90 days, 140 listings have been posted online, so you'll want to check back regularly for new listings. About 45% of the available space in the Near North Side are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,460 sqft. Most buildings in this market are approximately 5 floors. Most buildings in this market were built in 1926 and are Class B.

Near North Side Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Near North Side occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Near North Side.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Near North Side.
Research

Chicago Submarkets