On average, listings lease in the $30's per square foot per year. The West Side region is experiencing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Chicagoland market, the West Side submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 40 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 3% of the office spaces in the West Side are subleases, so you will probably have to consider a longer term 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 3,460 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this market were built in 1926 and are Class B.