The typical asking rate per listing is in the $20's per square foot per year. The West Town submarket is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Chicagoland market, the West Town submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 26 listings have been made available, which means office spaces most likley are leasing quickly. 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.
Even though the median size is 2,980 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this market were built in 1937 and are Class B.