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On average, commerial real estate listings lease in the $20's per square foot per year. The Paddock Lake submarket is seeing a a rise in rates. In the last 3 months, the median rate for lease went up $21 per sqft per year.
Compared to the rest of the Chicagoland commercial real estate market, the Paddock Lake submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 4 commercial real estate listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around 2,020 sqft. Most properties in this market are around 2 floors. Most buildings in this region were built close to 1954.
Real time and historical data on commercial real estate listings in Paddock Lake.
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