The typical asking rate per listing is in the $80's per square foot per year. The Wicker Park 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 32% rise in rent.
Compared to the rest of the Chicagoland market, the Wicker Park region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 7 listings have been listed, which means new availabilities 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 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 2,400 sqft. Most buildings in this region are close to 3 stories. Most buildings in this market were built in 2009.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by taxi is the most popular way to get to work amongst Wicker Park residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.