The typical asking rate per listing is in the $40's per square foot per year. The Streeterville submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $21 per sqft per year. That's a 89% increase in rent.
Compared to the rest of the Chicagoland market, the Streeterville region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 44 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the available leases in the Streeterville 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,210 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 24 stories. Most buildings in this market were built in 1965 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Streeterville residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.