On average, listings lease in the $10's per square foot per year. The North Country Knolls submarket is going through a a rise 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 North Country Knolls region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 23 listings have been posted online, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 4% of the office spaces in the North Country Knolls are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,500 sqft. Most buildings in this area are around 4 stories. Most buildings in this market were built in 1991 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Most of the folk of North Country Knolls work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in North Country Knolls.
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