The typical asking rate per listing is in the $0's per square foot per year. The Far South Chicago submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $37 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 3 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 sqft. Most buildings in this region are close to 1 floors. Most buildings in this area were built in 1960 and are Class B.