Near North Side Retail

Near North Side

Office Space Market Report

Number of Listings (last 90 days)
128
Median Rate ($/sqft/yr)
$39
Median Size (sqft)
3,360
As of: January 18, 2017

Near North Side Rates

Most listings are in the $30's per square foot per year. The Near North Side region is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.

Compared to the rest of the Chicagoland market, the Near North Side region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.

Near North Side Listing Supply

In the last 90 days, 132 listings have been listed, so you'll want to check back regularly for new listings. About 8% of the available leases in the Near North Side are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,360 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 6 floors. Most buildings in this region were built in 1929 and are Class B.

Near North Side Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Near North Side residents. Commuting close to 20 minutes 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 Near North Side.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Near North Side.
Research