The typical asking rate per listing is in the $0's per square foot per year. The Far West Side region is experiencing a decline in rates. In the last 3 months, the median rate decreased $25 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 5 listings have come on the market, which means new listings 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 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 2,390 sqft. Most properties in this market are close to 3 stories. Most buildings in this area were built in 2004 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Most of the occupants of Far West Side work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.