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The typical asking rate per commerial real estate listing leases is in the $20's per square foot per year. The McHenry region is experiencing a a rise in rates. In the last 3 months, the median rate for lease went up $3 per sqft per year. That's a 15% increase in rent.
Compared to the rest of the Chicagoland commercial real estate market, the McHenry region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 180 days, 21 commercial real estate listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 430 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market were built close to 1990 and are Class A.
Real time and historical data on commercial real estate listings in McHenry.
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