Wacker Dr. 17th most expensive street in US, Canada

September 9, 2011 9:13:13 AM PDT
Chicago's Wacker Drive ranks 17th among the top 40 most expensive streets for office space in the U.S. and Canada, according to a study by Jones LaSalle, a real estate services firm.

The average rent for a Class A office space on Wacker Drive, much of which is under construction right now, runs for almost $40 a square foot, and that is 50 percent more than the average price of all other office space in Chicago.

Wacker Drive prices are getting a boost from strong demand from new buildings and proximity of the corridor to commuter trains.