625 North Michigan, Chicago, IL 60611 - Office Space
625 North Michigan is located at 625 North Michigan Avenue in the Streeterville neighborhood, IL, Chicago, 60611. The Class A Office building was completed in 1971 and features a total of 350,000 Sqft.
The average property tax per square foot paid by a commercial property in zip code 60611 is $8.
There are 118 office spaces for lease in the Streeterville neighborhood, totaling 621,196 Sqft of available office space. The office space availability for the 60611 zip code is 1,783,123 Sqft, in 248 office spaces. The average asking office rent per sq. ft. in Streeterville is $26.8/sqft/year. For Class A+ office buildings the average office rate is $23.69/sqft/year, for Class A office buildings the average office rate is $22.05/sqft/year, for Class B office buildings the average office rate is $31.79/sqft/year.
In Streeterville, there are 7 class A office buildings. In Streeterville, there are a total of 1 LEED certified office buildings. In 1971, the same year 625 North Michigan was built, 136 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Chicago, featuring 5,487,412 square feet of commercial space. At zip code level, there are 34 commercial properties, of which 34 are office buildings over 50,000 square feet.