On average, listings lease in the $10's per square foot per year. The Valparaiso region is going through a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 22% decrease in rent.
Compared to the rest of the Chicagoland market, the Valparaiso region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 84 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the listings in the Valparaiso 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,520 sqft. Most properties in this area are around 2 floors. Most buildings in this area were built in 1979 and are Class B.
Real time and historical data on commercial real estate listings in Valparaiso.
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