On average, listings lease in the $10's per square foot per year. The South Side region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 32% decrease in rent.
In the last 90 days, 11 listings have been posted online, which means listings 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,300 sqft. Most properties in this area are approximately 1 floors. Most buildings in this market were built in 1995.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst South Side residents. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.