The typical asking rate per listing is in the $10's per square foot per year. The Wheeling region is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Chicagoland market, the Wheeling submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 73 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the available leases in the Wheeling 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,600 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this area were built in 1982 and are Class B.
Real time and historical data on commercial real estate listings in Wheeling.
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