On average, listings lease in the $20's per square foot per year. The Little Village region is going through a a rise in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 50% increase in rent.
Compared to the rest of the Chicagoland market, the Little Village submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 3 listings have been made available, 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,650 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area were built in 1937 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Most of the occupants of Little Village work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.