On average, listings lease in the $10's per square foot per year. The Hammond region is seeing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 33% decrease in rent.
Compared to the rest of the Chicagoland market, the Hammond region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 8 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available space in the Hammond are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most properties in this area are close to 2 stories. Most buildings in this area were built in 1961 and are Class B.