On average, listings lease in the $10's per square foot per year. The Inverness region is seeing a decline in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 35% decline in rent.
Compared to the rest of the Chicagoland market, the Inverness region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 18 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 28% of the available space in the Inverness are subleases, so you might be able to snag a great spot on a short term. 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 2,580 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this area were built in 1985.
Real time and historical data on commercial real estate listings in Inverness.
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