On average, listings lease in the $20's per square foot per year. The Fox Valley submarket is going through a decrease in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 0% decline in rent.
Compared to the rest of the Chicagoland market, the Fox Valley region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 11 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 650 sqft. Most properties in this area are close to 1 floors. Most buildings in this market were built in 2000 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Fox Valley residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.