Most listings are in the $30's per square foot per year. The The Loop submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 13% decrease in rent.
Compared to the rest of the Chicagoland market, the The Loop region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 213 listings have come on the market, so you'll want to check back regularly for new listings. About 9% of the listings in the The Loop are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,589 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 24 stories. Most buildings in this region were built in 1929 and are Class A.