On average, listings lease in the $30's per square foot per year. The West Side region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 11% decrease in rent.
Compared to the rest of the Chicagoland market, the West Side submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 40 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 3% of the office spaces in the West Side are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 3,460 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this area were built in 1926 and are Class B.