The typical asking rate per listing is in the $10's per square foot per year. The Valparaiso submarket is going through a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 22% decline in rent.
Compared to the rest of the Chicagoland market, the Valparaiso submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 84 listings have been posted online, so you'll want to check back regularly for new listings. About 6% of the available leases in the Valparaiso are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 1,520 sqft. Most buildings in this area are around 2 floors. Most buildings in this market were built in 1979 and are Class B.
Real time and historical data on commercial real estate listings in Valparaiso.
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