The typical asking rate per listing is in the $20's per square foot per year. The South Loop region is seeing a a rise in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 31% rise in rent.
In the last 90 days, 12 listings have been listed, which means office spaces might be 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 10,780 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this market were built in 1980 and are Class B.
This region is fairly equally mixed residential and commercial. Health care is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst South Loop occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.