The typical asking rate per listing is in the $30's per square foot per year. The West Side region is experiencing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 2% rise in rent.
Compared to the rest of the Chicagoland market, the West Side submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 36 listings have come on the market, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 8% of the office spaces in the West Side are subleases, so you will probably have to focus your search on direct office leases. 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 3,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 3 stories. Most buildings in this region were built in 1926 and are Class B.