Streeterville Office Space

Streeterville

Office Space Market Report

Number of Listings (last 90 days)
50
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
2,350
As of: February 26, 2017

Streeterville Rates

The typical asking rate per listing is in the $30's per square foot per year. The Streeterville region is seeing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 12% decrease in rent.

Compared to the rest of the Chicagoland market, the Streeterville region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Streeterville Listing Supply

In the last 90 days, 42 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the available space in the Streeterville are subleases, so you will probably have to focus your search on direct office leases. 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 3,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 24 stories. Most buildings in this area were built in 1965 and are Class A.

Streeterville Community

A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Streeterville occupants. Commuting approximately 10 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 Streeterville.
Market Report

Market Data

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