The typical asking rate per listing is in the $10's per square foot per year. The Jefferson Park submarket is seeing a decline in rates. In the last 3 months, the median rate fell $10 per sqft per year. That's a 38% decrease in rent.
Compared to the rest of the Chicagoland market, the Jefferson Park region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 4 listings have come on the market, which means listings might be going fast. 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 2,050 sqft. Most properties in this area are close to 1 stories. Most buildings in this market were built in 1950 and are Class A.