Most listings are in the $30's per square foot per year. The River North region is seeing a decrease 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 River North region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 45 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the listings in the River North are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,170 sqft. Most buildings in this region are around 6 floors. Most buildings in this region were built in 1920 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Health care is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst River North folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.