Most listings are in the $30's per square foot per year. The River North region is seeing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 2% rise in rent.
Compared to the rest of the Chicagoland market, the River North submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 44 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the available space in the River North 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 2,260 sqft. Most properties in this market are approximately 6 stories. Most buildings in this region were built in 1920 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Health care is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst River North residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.