On average, listings lease in the $10's per square foot per year. The North Country Knolls region is experiencing a a rise in rates. In the last 3 months, the median rate rose $18 per sqft per year.
Compared to the rest of the Chicagoland market, the North Country Knolls submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 2 listings have been listed, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the office spaces in the North Country Knolls 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 1,500 sqft. Most properties in this area are approximately 4 stories. Most buildings in this area were built in 1991 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Most of the occupants of North Country Knolls work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.