The typical asking rate per listing is in the $30's per square foot per year. The Lakeview region is experiencing a a rise in rates. In the last 3 months, the median rate rose $12 per sqft per year. That's a 42% rise in rent.
Compared to the rest of the Chicagoland market, the Lakeview submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 11 listings have been posted online, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,160 sqft. Most buildings in this region are around 3 floors. Most buildings in this region were built in 2004 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Lakeview occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.