Compared to the rest of the Chicagoland market, the West Loop region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 3 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 167% of the listings in the West Loop are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 6,850 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 22 floors. Most buildings in this area were built in 1965 and are Class A.
This region is fairly equally mixed residential and commercial. Finance and insurance are the dominant industries in this market. Commute by bike is the most popular way to get to work amongst West Loop occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.