On average, listings lease in the $20's per square foot per year. The Northbrook submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 20% decline in rent.
Compared to the rest of the Chicagoland market, the Northbrook submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 275 listings have been made available, so you'll want to check back regularly for new listings. About 4% of the available leases in the Northbrook are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,660 sqft. Most buildings in this market are approximately 4 floors. Most buildings in this area were built in 1980 and are Class A.
Real time and historical data on commercial real estate listings in Northbrook.
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