Most listings are in the $40's per square foot per year. The Uptown submarket is going through a an increase in rates. In the last 3 months, the median rate rose $46 per sqft per year.
Compared to the rest of the Chicagoland market, the Uptown region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 10 listings have been posted online, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 12,440 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this region 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 residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.