Most listings are in the $30's per square foot per year. The The Loop region is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 7% decline in rent.
Compared to the rest of the Chicagoland market, the The Loop submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 105 listings have been posted online, so you'll want to check back regularly for new listings. About 11% of the listings in the The Loop 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,530 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 24 stories. Most buildings in this market were built in 1929 and are Class B.