On average, listings lease in the $20's per square foot per year. The Lincoln Square region is seeing a a rise in rates. In the last 3 months, the median rate rose $28 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Gold Coast market, the Lincoln Square region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 13 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,250 sqft. Most properties in this region are approximately 5 stories. 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 residents 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.