The typical asking rate per listing is in the $30's per square foot per year. The Downtown Chicago region is seeing a a rise in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Chicagoland market, the Downtown Chicago submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 358 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the office spaces in the Downtown Chicago are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,670 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 12 stories. Most buildings in this market were built in 1929 and are Class B.