The typical asking rate per listing is in the $10's per square foot per year. The Chesterton submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $18 per sqft per year.
Compared to the rest of the Chicagoland market, the Chesterton region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 19 listings have come on the market, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 5% of the available space in the Chesterton are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,200 sqft. Most properties in this market are approximately 3 stories. Most buildings in this area were built in 1965 and are Class B.
Real time and historical data on commercial real estate listings in Chesterton.
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