On average, listings lease in the $20's per square foot per year. The Addison region is experiencing a an increase in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 20% increase in rent.
Compared to the rest of the Chicagoland market, the Addison region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 9 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 5,790 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 1 stories. Most buildings in this market were built in 1985 and are Class B.