The typical asking rate per listing is in the $20's per square foot per year. The West Town region is experiencing a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Chicagoland market, the West Town submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 31 listings have been listed, which means leases might be 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 3,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this area were built in 1937 and are Class B.