On average, listings lease in the $30's per square foot per year. The Heart of Chicago region is seeing a an increase in rates. In the last 3 months, the median rate went up $33 per sqft per year.
Compared to the rest of the Chicagoland market, the Heart of Chicago submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 0 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About NaN% of the available space in the Heart of Chicago are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 1,590 sqft. Most properties in this region are around 4 stories. Most buildings in this area were built in 1888.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Heart of Chicago occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.