On average, listings lease in the $30's per square foot per year. The The Loop region is seeing a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 4% rise in rent.
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 submarket.
In the last 90 days, 200 listings have been posted online, so you'll want to check back regularly for new listings. About 183% of the available space in the The Loop are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,580 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are around 23 stories. Most buildings in this region were built in 1929 and are Class B.