Heart of Chicago Retail

Heart of Chicago

Office Space Market Report

Number of Listings (last 90 days)
0
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
1,590
As of: June 28, 2017

Heart of Chicago Rates

Most listings are in the $30's per square foot per year. The Heart of Chicago submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $33 per sqft per year.

Compared to the rest of the Chicagoland market, the Heart of Chicago region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Heart of Chicago Listing Supply

In the last 90 days, 0 listings have been made available, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the listings in the Heart of Chicago are subleases, so you might be able to find a shorter term or below market rent. 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 1,590 sqft. Most buildings in this market are around 4 floors. Most buildings in this market were built in 1888.

Heart of Chicago Community

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 region. Commute by taxi is the most popular way to get to work amongst Heart of Chicago folk. Commuting approximately an hour 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 Heart of Chicago.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Heart of Chicago.
Research