On average, listings lease in the $20's per square foot per year. The Hoffman Estates submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $30 per sqft per year.
Compared to the rest of the Chicagoland market, the Hoffman Estates submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 23 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 22% of the available leases in the Hoffman Estates are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 50,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this market were built in 1992 and are Class A.