Uptown Retail

Uptown

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
5,870
As of: February 21, 2017

Uptown Rates

Most listings are in the $40's per square foot per year. The Uptown submarket is going through a a rise in rates. In the last 3 months, the median rate increased $46 per sqft per year.

Compared to the rest of the Chicagoland market, the Uptown submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Uptown Listing Supply

In the last 90 days, 3 listings have been posted online, which means leases are probably 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 available, so finding a space for a small business might be tough.

Even though the median size is 5,870 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region were built in 2005 and are Class B.

Uptown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Uptown occupants. Commuting more than an hour and a half 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 Uptown.
Market Report

Market Data

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