River North Office Space

River North

Office Space Market Report

Number of Listings (last 90 days)
45
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
2,940
As of: June 26, 2017

River North Rates

The typical asking rate per listing is in the $40's per square foot per year. The River North region is going through a a rise in rates. In the last 3 months, the median rate went up $42 per sqft per year.

Compared to the rest of the Chicagoland market, the River North region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

River North Listing Supply

In the last 90 days, 45 listings have been made available, so you'll want to check back regularly for new listings. About 89% of the available leases in the River North 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.

The standard measurement for office space in this area is around 2,300 sqft. Most buildings in this region are approximately 6 stories. Most buildings in this region were built in 1915 and are Class B.

River North Community

A large portion of this region is residential, but there's plenty of office_space. Health care is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst River North residents. 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 River North.
Market Report

Market Data

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