On average, listings lease in the $0's per square foot per year. The River West submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $29 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 2 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 23,570 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 3 stories. Most buildings in this area were built in 1900 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Most of the residents of River West work from home. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.