On average, listings lease in the $10's per square foot per year. The South Side region is seeing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 12% decline in rent.
In the last 90 days, 7 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,600 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 2 stories. Most buildings in this market were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst South Side residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.