Most listings are in the $40's per square foot per year. The West Town submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $15 per sqft per year. That's a 55% rise in rent.
Compared to the rest of the Chicagoland market, the West Town submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 12 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 17,800 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this market were built in 1937 and are Class B.