On average, listings lease in the $30's per square foot per year. The West Town region is experiencing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 11% decrease in rent.
Compared to the rest of the Chicagoland market, the West Town region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 15 listings have been listed, which means office spaces most likley are going fast. 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 3,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this region were built in 1930 and are Class B.