On average, listings lease in the $10's per square foot per year. The South Loop submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 28% decrease in rent.
In the last 90 days, 195 listings have been listed, so you'll want to check back regularly for new listings. About 17% of the available leases in the South Loop are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,770 sqft. Most buildings in this market are around 4 stories. Most buildings in this market were built in 1981 and are Class B.
This market is fairly equally mixed residential and commercial. Health care is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst South Loop residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in South Loop.
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