On average, listings lease in the $30's per square foot per year. The The Loop region is going through a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the Chicagoland market, the The Loop submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 200 listings have been made available, so you'll want to check back regularly for new listings. About 213% of the office spaces in the The Loop are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,760 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 23 floors. Most buildings in this market were built in 1929 and are Class B.