On average, listings lease in the $20's per square foot per year. The Far South Chicago submarket is going through a an increase in rates. In the last 3 months, the median rate increased $26 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Chicagoland market, the Far South Chicago submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 11 listings have been posted online, which means new availabilities are probably 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 1 floors. Most buildings in this market were built in 1961 and are Class B.