On average, listings lease in the $30's per square foot per year. The Andersonville submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $33 per sqft per year.
Compared to the rest of the Chicagoland market, the Andersonville region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 2 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the office spaces in the Andersonville are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 9,520 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area were built in 2016.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Andersonville residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.