The typical asking rate per listing is in the $10's per square foot per year. The Upper Eastside submarket is going through a decrease in rates. In the last 3 months, the median rate fell $29 per sqft per year. That's a 59% decline in rent.
Compared to the rest of the Gold Coast market, the Upper Eastside submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 2 listings have been listed, which means spaces 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.
Even though the median size is 7,500 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 3 stories. Most buildings in this market were built in 1965 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Upper Eastside occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.