The typical asking rate per listing is in the $30's per square foot per year. The West Side region is experiencing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the Chicagoland market, the West Side region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 40 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 135% of the office spaces in the West Side are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 7,210 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 3 stories. Most buildings in this market were built in 1925 and are Class B.