The typical asking rate per listing is in the $30's per square foot per year. The The Loop region is seeing a an increase in rates. In the last 3 months, the median rate rose $38 per sqft per year.
Compared to the rest of the Chicagoland market, the The Loop region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 200 listings have come on the market, so you'll want to check back regularly for new listings. About 127% of the available leases in the The Loop are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,490 sqft. Most buildings in this region are approximately 23 floors. Most buildings in this market were built in 1929 and are Class B.