Vernon Hills Industrial

Vernon Hills

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
2,650
As of: June 22, 2017

Vernon Hills Rates

The typical asking rate per listing is in the $10's per square foot per year. The Vernon Hills submarket is seeing 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 Vernon Hills submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.

Vernon Hills Listing Supply

In the last 90 days, 3 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 233% of the office spaces in the Vernon Hills 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,260 sqft. Most buildings in this area are approximately 1 stories. Most buildings in this market were built in 1990 and are Class B.

Vernon Hills Community

Market Report

Trends and status of the commercial real estate market in Vernon Hills.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Vernon Hills.
Research