On average, listings lease in the $60's per square foot per year. The DePaul submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $61 per sqft per year.
Compared to the rest of the Chicagoland market, the DePaul submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 4 listings have been posted online, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 650% of the available leases in the DePaul are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 180 sqft. Most buildings in this market are close to 3 floors. Most buildings in this region were built in 1927 and are Class C.