On average, listings lease in the $10's per square foot per year. The Oak Lawn region is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 22% decrease in rent.
Compared to the rest of the Chicagoland market, the Oak Lawn region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 1 listings have been made available, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. 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 4,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this market were built in 1975 and are Class C.