Heart of Chicago Sublease

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Heart of Chicago

Office Space Market Report

Number of Listings (last 90 days)
0
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
1,590
As of: May 18, 2017

Heart of Chicago Rates

The typical asking rate per listing is in the $30's per square foot per year. The Heart of Chicago submarket is going through a a boost in rates. In the last 3 months, the median rate rose $33 per sqft per year.

Compared to the rest of the Chicagoland market, the Heart of Chicago submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Heart of Chicago Listing Supply

In the last 90 days, 0 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About NaN% of the listings in the Heart of Chicago are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,590 sqft. Most properties in this area are approximately 4 floors. Most buildings in this region were built in 1888.

Heart of Chicago Community

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 taxi is the most popular way to get to work amongst Heart of Chicago folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Heart of Chicago.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Heart of Chicago.
Research