The typical asking rate per listing is in the $20's per square foot per year. The Vernon Hills submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $10 per sqft per year. That's a 56% rise in rent.
Compared to the rest of the Chicagoland market, the Vernon Hills submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 88 listings have been posted online, so you'll want to check back regularly for new listings. About 17% of the available leases in the Vernon Hills are subleases, so you might be able to find a shorter term or below market rent. 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 1,840 sqft. Most properties in this region are around 1 floors. Most buildings in this region were built in 1990 and are Class B.
Real time and historical data on commercial real estate listings in Vernon Hills.
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