Most listings are in the $0's per square foot per year. The South Loop submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $22 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 13 listings have been made available, which means listings 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.
The standard measurement for office space in this area is around sqft. Most properties in this market are approximately 3 stories. Most buildings in this market were built in 1981 and are Class A.
This area is fairly equally mixed residential and commercial. Health care is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst South Loop residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.