Most listings are in the $30's per square foot per year. The Fulton River District submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $32 per sqft per year.
Compared to the rest of the Chicagoland market, the Fulton River District submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 2 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 23,340 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 4 stories. Most buildings in this market were built in 1949 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Fulton River District folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.