On average, listings lease in the $40's per square foot per year. The Fulton Market region is going through a a rise in rates. In the last 3 months, the median rate increased $13 per sqft per year. That's a 40% increase in rent.
Compared to the rest of the Chicagoland market, the Fulton Market region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 10 listings have been posted online, which means new availabilities most likley are 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,700 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this market were built in 1950 and are Class B.
A large portion of this market 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.