Hammond Industrial

Hammond

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
6,200
As of: December 3, 2016

Hammond Rates

On average, listings lease in the $20's per square foot per year. The Hammond submarket is going through a an increase in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 77% rise in rent.

Compared to the rest of the Chicagoland market, the Hammond submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Hammond Listing Supply

In the last 90 days, 5 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 6,200 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 2 stories. Most buildings in this market were built in 1961 and are Class C.

Hammond Community

Market Report

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

Market Data

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