Noble Square Retail

Noble Square

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 27, 2016

Noble Square Rates

On average, listings lease in the $40's per square foot per year. The Noble Square submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $24 per sqft per year. That's a 103% increase in rent.

Compared to the rest of the Chicagoland market, the Noble Square submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.

Noble Square Listing Supply

In the last 90 days, 2 listings have been posted online, which means spaces might be going fast. 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.

Even though the median size is 6,980 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this region were built in 1960 and are Class B.

Noble Square Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Noble Square folk. Commuting between 30 and 45 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 Noble Square.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Noble Square.