On average, listings lease in the $20's per square foot per year. The South Loop region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 35% decrease in rent.
In the last 90 days, 53 listings have been made available, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 160 sqft. Most properties in this region are close to 4 stories. Most buildings in this area were built in 1985 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Health care is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst South Loop folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.