Compared to the rest of the Chicagoland market, the Ranch Triangle region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 1 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 600% of the office spaces in the Ranch Triangle are subleases, so you might be able to find a shorter term or below market rent. 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 2,300 sqft. Most properties in this market are close to 2 stories. Most buildings in this market were built in 1939 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Ranch Triangle occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.