Most listings are in the $20's per square foot per year. The Heart of Chicago submarket is going through a a boost in rates. In the last 3 months, the median rate went up $22 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Chicagoland market, the Heart of Chicago submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 1 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,100 sqft. Most properties in this market are around 4 stories. Most buildings in this area were built in 1892.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Heart of Chicago residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.