The typical asking rate per listing is in the $90's per square foot per year. The Barrington submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $78 per sqft per year. That's a 454% rise in rent.
Compared to the rest of the Chicagoland market, the Barrington submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 235 listings have been posted online, so you'll want to check back regularly for new listings. About 7% of the office spaces in the Barrington are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 350 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this market were built in 1981 and are Class B.
Real time and historical data on commercial real estate listings in Barrington.
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