Compared to the rest of the Chicagoland market, the West Loop region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 3 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the available space in the West 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 posted, so finding a space for a small business might be tough.
Even though the median size is 6,250 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 22 stories. Most buildings in this area were built in 1965 and are Class A.
This area is fairly equally mixed residential and commercial. Finance and insurance are the dominant industries in this market. Commute by bike is the most popular way to get to work amongst West Loop residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.