Streeterville Retail

Streeterville

Office Space Market Report

Number of Listings (last 90 days)
50
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
2,320
As of: March 12, 2017

Streeterville Rates

On average, listings lease in the $30's per square foot per year. The Streeterville region is going through a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 16% decrease in rent.

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

Streeterville Listing Supply

In the last 90 days, 50 listings have been made available, so you'll want to check back regularly for new listings. About 4% of the available leases in the Streeterville 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,320 sqft. Most properties in this area are around 24 stories. Most buildings in this market were built in 1965 and are Class A.

Streeterville Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Streeterville folk. Commuting close to 10 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 Streeterville.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Streeterville.
Research