On average, listings lease in the $20's per square foot per year. The Lincoln Square region is seeing a a boost in rates. In the last 3 months, the median rate went up $28 per sqft per year.
Compared to the rest of the Gold Coast market, the Lincoln Square submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 15 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 53% of the listings in the Lincoln Square are subleases, so you might be able to snag a great spot on a short term. 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 1,710 sqft. Most properties in this region are approximately 5 floors. Most buildings in this market were built in 1980 and are Class B.
Public administration is the dominant industry in this region. Most of the folk of Lincoln Square work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.