Most listings are in the $30'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 $8 per sqft per year. That's a 19% decline in rent.
Compared to the rest of the Chicagoland market, the West Town region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 15 listings have been made available, which means new availabilities are probably leasing quickly. 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 5,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this area were built in 1930 and are Class B.