Comment on How Big Is Chicago's Startup Scene? About SOMA-Sized, ActuallyComments−wtn13yStarting a company in either of those geographic areas (Loop/River North or SOMA) is like shoveling cash into an incinerator.−rayiner13yRelative to where? The most expensive office space in the Loop (along Wacker Drive) runs just under $40/sq-ft/year. Palo Alto averages $55+ over the whole market (not just the choicest area). Mountain View is a more reasonable $32.http://articles.chicagotribune.com/2011-09-08/business/ct-bi...http://kiddermathews.com/downloads/research/office-market-re...
Comments
Starting a company in either of those geographic areas (Loop/River North or SOMA) is like shoveling cash into an incinerator.
Relative to where? The most expensive office space in the Loop (along Wacker Drive) runs just under $40/sq-ft/year. Palo Alto averages $55+ over the whole market (not just the choicest area). Mountain View is a more reasonable $32.
http://articles.chicagotribune.com/2011-09-08/business/ct-bi...
http://kiddermathews.com/downloads/research/office-market-re...