On average, listings lease in the $20's per square foot per year. The South Side submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 12% increase in rent.
In the last 90 days, 0 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About Inf% of the office spaces in the South Side 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,710 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 3 stories. Most buildings in this area were built in 1948 and are Class C.
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 region. Commute by walking is the most popular way to get to work amongst South Side occupants. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.