On average, listings lease in the $50's per square foot per year. The Andersonville region is seeing a a boost in rates. In the last 3 months, the median rate rose $55 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Chicagoland market, the Andersonville submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 3 listings have been posted online, which means new availabilities might be leasing quickly. 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 3,140 sqft, there are still 0 office spaces below 2,000 sqft.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Andersonville residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.