The typical asking rate per listing is in the $30's per square foot per year. The The Loop submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $37 per sqft per year.
Compared to the rest of the Chicagoland market, the The Loop submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 200 listings have been posted online, so you'll want to check back regularly for new listings. About 140% of the available space in the The Loop are subleases, so you might be able to snag a great spot on a short term. 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 2,240 sqft. Most buildings in this market are approximately 23 floors. Most buildings in this market were built in 1929 and are Class B.