Most listings are in the $60's per square foot per year. The Wicker Park submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Chicagoland market, the Wicker Park region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 16 listings have been listed, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,530 sqft. Most properties in this market are approximately 3 floors. Most buildings in this market were built in 2009.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by taxi is the most popular way to get to work amongst Wicker Park occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.