On average, listings lease in the $20's per square foot per year. The River West submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 10% decline in rent.
In the last 90 days, 15 listings have been listed, which means office spaces are probably 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.
The standard measurement for office space in this area is around 1,810 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area were built in 1989 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Most of the occupants of River West work from home. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.