On average, listings lease in the $10's per square foot per year. The Lake in the Hills submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 29% decrease in rent.
Compared to the rest of the Chicagoland market, the Lake in the Hills submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 59 listings have been made available, so you'll want to check back regularly for new listings. About 8% of the office spaces in the Lake in the Hills are subleases, so you will probably have to consider a longer term lease. 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 1,400 sqft. Most properties in this area are close to 2 stories. Most buildings in this area were built in 1996 and are Class A.
Real time and historical data on commercial real estate listings in Lake in the Hills.
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