North Side Sublease

North Side

Office Space Market Report

Number of Listings (last 90 days)
39
Median Rate ($/sqft/yr)
$39
Median Size (sqft)
950
As of: July 21, 2017

North Side Rates

The typical asking rate per listing is in the $50's per square foot per year. The North Side region is experiencing a an increase in rates. In the last 3 months, the median rate went up $20 per sqft per year. That's a 54% increase in rent.

Compared to the rest of the Chicagoland market, the North Side submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.

North Side Listing Supply

In the last 90 days, 39 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 172% of the available space in the North Side are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 950 sqft. Most properties in this region are around 2 stories. Most buildings in this region were built in 1957 and are Class B.

North Side Community

Market Report

Trends and status of the commercial real estate market in North Side.
Market Report

Market Data

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