The typical asking rate per listing is in the $20's per square foot per year. The River West submarket is going through a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 10% decrease in rent.
In the last 90 days, 10 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,930 sqft. Most buildings in this market are around 2 stories. Most buildings in this region were built in 1989 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Most of the folk of River West work from home. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.