Hammond Industrial

Hammond

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
2,500
As of: June 23, 2017

Hammond Rates

On average, listings lease in the $10's per square foot per year. The Hammond submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $16 per sqft per year.

Compared to the rest of the Chicagoland market, the Hammond submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.

Hammond Listing Supply

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 make an offer immediately. About 38% of the available space in the Hammond 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 2,500 sqft. Most properties in this market are around 2 stories. Most buildings in this region were built in 1962 and are Class B.

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