The typical asking rate per listing is in the $30's per square foot per year. The Bucktown submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 15% rise in rent.
Compared to the rest of the Chicagoland market, the Bucktown submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 10 listings have been listed, which means listings 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.
The standard measurement for office space in this area is around 1,250 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this area were built in 1940 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Bucktown occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.