Most listings are in the $40's per square foot per year. The Uptown region is experiencing a an increase in rates. In the last 3 months, the median rate went up $46 per sqft per year.
Compared to the rest of the Chicagoland market, the Uptown region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have been posted online, which means office spaces most likley are 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 5,870 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this area were built in 2005 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Uptown occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.