Most listings are in the $10's per square foot per year. The South Loop region is seeing a decline in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 40% decline in rent.
In the last 90 days, 53 listings have come on the market, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 160 sqft. Most properties in this region are around 4 floors. Most buildings in this area were built in 1984 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Health care is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst South Loop residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.