Most listings are in the $30's per square foot per year. The West Town 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 West Town region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 14 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. 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 5,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this area were built in 1930 and are Class B.