The typical asking rate per listing is in the $20's per square foot per year. The Andersonville region is experiencing a decline in rates. In the last 3 months, the median rate fell $32 per sqft per year. That's a 57% decline in rent.
Compared to the rest of the Chicagoland market, the Andersonville submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 2 listings have been listed, which means new availabilities are probably 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 1,200 sqft.
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 bike is the most popular way to get to work amongst Andersonville residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.