On average, listings lease in the $30's per square foot per year. The Bucktown region is going through a a boost in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 17% rise in rent.
Compared to the rest of the Chicagoland market, the Bucktown region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 10 listings have been listed, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 80% of the office spaces in the Bucktown 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this region were built in 1968 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Bucktown occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.