Noble Square Office Space

Noble Square

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 22, 2016

Noble Square Rates

The typical asking rate per listing is in the $40's per square foot per year. The Noble Square submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $24 per sqft per year. That's a 103% rise in rent.

Compared to the rest of the Chicagoland market, the Noble Square region has greater rates, and you'll need to pay a premium to be in this hot submarket.

Noble Square Listing Supply

In the last 90 days, 2 listings have been made available, which means new availabilities are probably going fast. 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.

Even though the median size is 6,980 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 3 floors. Most buildings in this region were built in 1960 and are Class B.

Noble Square Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Noble Square folk. Commuting between 30 and 45 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 Noble Square.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Noble Square.