On average, listings lease in the $20's per square foot per year. The Bannockburn submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 18% decrease in rent.
Compared to the rest of the Chicagoland market, the Bannockburn region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 92 listings have been made available, so you'll want to check back regularly for new listings. About 4% of the listings in the Bannockburn are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 9,370 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 3 stories. Most buildings in this area were built in 1988 and are Class A.
Real time and historical data on commercial real estate listings in Bannockburn.
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