The typical asking rate per listing is in the $20's per square foot per year. The West Town submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Chicagoland market, the West Town region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 26 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,700 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this area were built in 1937 and are Class B.