Compared to the rest of the Chicagoland market, the West Loop region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 19 listings have been made available, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 21% of the available leases in the West Loop are subleases, so you might be able to find a shorter term or below market rent. 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 7,997 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 22 floors. Most buildings in this market were built in 1965 and are Class A.
This market is fairly equally mixed residential and commercial. Finance and insurance are the dominant industries in this area. 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.