On average, listings lease in the $40's per square foot per year. The Logan Square submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $13 per sqft per year. That's a 40% increase in rent.
Compared to the rest of the Chicagoland market, the Logan Square submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 11 listings have been listed, which means new listings might be going fast. 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.
The standard measurement for office space in this area is around 2,340 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this region were built in 1917 and are Class C.