The typical asking rate per listing is in the $30's per square foot per year. The Far South Chicago submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $11 per sqft per year. That's a 41% rise in rent.
Compared to the rest of the Chicagoland market, the Far South Chicago region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 8 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 370 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this region were built in 1960 and are Class B.