The typical asking rate per listing is in the $30's per square foot per year. The Far South Chicago region is going through a an increase in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 41% increase in rent.
Compared to the rest of the Chicagoland market, the Far South Chicago region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 9 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 370 sqft. Most buildings in this area are approximately 1 floors. Most buildings in this market were built in 1960 and are Class B.