Near North Side Sublease

Near North Side

Office Space Market Report

Number of Listings (last 90 days)
140
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
2,350
As of: June 22, 2017

Near North Side Rates

The typical asking rate per listing is in the $30's per square foot per year. The Near North Side region is experiencing a a rise in rates. In the last 3 months, the median rate went up $40 per sqft per year.

Compared to the rest of the Chicagoland market, the Near North Side region has greater rates, and you'll need to make a great offer to be in this hot region.

Near North Side Listing Supply

In the last 90 days, 140 listings have been made available, so you'll want to check back regularly for new listings. About 41% of the available leases in the Near North Side are subleases, so you might be able to find a shorter term or below market rent. 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 3,190 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 6 floors. Most buildings in this area were built in 1926 and are Class B.

Near North Side Community

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 bike is the most popular way to get to work amongst Near North Side occupants. Commuting approximately 20 minutes 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 Near North Side.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Near North Side.
Research