The typical asking rate per listing is in the $10's per square foot per year. The Abbott Loop submarket is going through a decrease in rates. In the last 3 months, the median rate fell $24 per sqft per year. That's a 60% decline in rent.
In the last 90 days, 1 listings have been listed, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 500% of the available leases in the Abbott Loop 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,200 sqft. Most properties in this market are approximately 2 stories. Most buildings in this region were built in 1986 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Abbott Loop residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.