Most listings are in the $30's per square foot per year. The Streeterville region is experiencing a a boost in rates. In the last 3 months, the median rate increased $36 per sqft per year.
Compared to the rest of the Chicagoland market, the Streeterville region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 50 listings have been posted online, so you'll want to check back regularly for new listings. About 14% of the available leases in the Streeterville 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,850 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 24 floors. Most buildings in this area were built in 1965 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Streeterville occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.