Near North Side Retail

Near North Side

Office Space Market Report

Number of Listings (last 90 days)
128
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
2,770
As of: February 24, 2017

Near North Side Rates

On average, listings lease in the $30's per square foot per year. The Near North Side submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 5% decrease in rent.

Compared to the rest of the Chicagoland market, the Near North Side submarket has greater 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, 128 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the available space in the Near North Side are subleases, so you will probably have to focus your search on direct office leases. 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 2,770 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 6 stories. Most buildings in this region were built in 1926 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