On average, listings lease in the $10's per square foot per year. The Liberty Square region is going through a a rise in rates. In the last 3 months, the median rate increased $14 per sqft per year.
Compared to the rest of the Chicagoland market, the Liberty Square region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 1 listings have been listed, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 4,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this region were built in 0 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Liberty Square folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.