On average, listings lease in the $30's per square foot per year. The West Town submarket is experiencing a a rise 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 West Town region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 17 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this region were built in 1930 and are Class B.