On average, listings lease in the $10's per square foot per year. The Liberty Square region is experiencing a a rise in rates. In the last 3 months, the median rate increased $18 per sqft per year.
Compared to the rest of the Chicagoland market, the Liberty Square submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 1 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 200% of the listings in the Liberty Square 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,640 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this region were built in 2003 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Liberty Square folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.