The typical asking rate per listing is in the $20's per square foot per year. The North Side region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the Chicagoland market, the North Side submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 45 listings have been posted online, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,700 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this region were built in 1962 and are Class B.