Most listings are in the $30's per square foot per year. The Fulton Market region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Chicagoland market, the Fulton Market submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 8 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 138% of the available space in the Fulton Market 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 4,050 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this region were built in 1929 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Information is the dominant industry in this region. Most of the occupants of Fulton Market work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.