Most listings are in the $20's per square foot per year. The South Loop region is experiencing a an increase in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 31% rise in rent.
In the last 90 days, 12 listings have been made available, which means leases might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 10,780 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 3 floors. Most buildings in this area were built in 1980 and are Class B.
This region is fairly equally mixed residential and commercial. Health care is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst South Loop folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.