On average, listings lease in the $10's per square foot per year. The O'Hare region is experiencing a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the Chicagoland market, the O'Hare submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 2 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the available leases in the O'Hare are subleases, so you might be able to find a shorter term or below market rent. 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 10,290 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 11 floors. Most buildings in this area were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst O'Hare residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.