The typical asking rate per listing is in the $20's per square foot per year. The North Side submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 17% decrease in rent.
Compared to the rest of the Chicagoland market, the North Side region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 43 listings have come on the market, so you'll want to check back regularly for new listings. 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 3,130 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this area were built in 1956 and are Class B.