On average, listings lease in the $20's per square foot per year. The River West submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $28 per sqft per year.
Compared to the rest of the Chicagoland market, the River West region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 4 listings have been listed, which means office spaces are probably 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,670 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this region were built in 2008 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Most of the folk of River West work from home. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.