Most listings are in the $30's per square foot per year. The Pilsen region is experiencing a an increase in rates. In the last 3 months, the median rate increased $33 per sqft per year.
Compared to the rest of the Chicagoland market, the Pilsen submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 1 listings have been made available, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 300% of the office spaces in the Pilsen are subleases, so you might be able to snag a great spot on a short term. 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 1,590 sqft. Most buildings in this market are around 3 floors. Most buildings in this region were built in 1900 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Pilsen occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.