On average, listings lease in the $10's per square foot per year. The Champaign region is experiencing a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 12% increase in rent.
In the last 90 days, 285 listings have been made available, so you'll want to check back regularly for new listings. About 14% of the available space in the Champaign are subleases, so you might be able to sign a shorter term by taking over a previous 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 1,400 sqft. Most properties in this area are around 2 stories. Most buildings in this market were built in 1990 and are Class A.
Real time and historical data on commercial real estate listings in Champaign.
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