Merrillville Industrial

Merrillville

Office Space Market Report

Number of Listings (last 90 days)
17
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,770
As of: August 18, 2017

Merrillville Rates

On average, listings lease in the $10's per square foot per year. The Merrillville region is seeing a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 15% increase in rent.

Compared to the rest of the Chicagoland market, the Merrillville submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Merrillville Listing Supply

In the last 90 days, 17 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 41% of the listings in the Merrillville 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,770 sqft. Most buildings in this market are around 1 floors. Most buildings in this region were built in 1983 and are Class B.

Merrillville Community

Market Report

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

Market Data

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