Most listings are in the $20's per square foot per year. The Valparaiso region is experiencing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 25% rise in rent.
Compared to the rest of the Chicagoland market, the Valparaiso submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 10 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 10% of the listings in the Valparaiso are subleases, so you will probably have to focus your search on direct office leases. 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 2,230 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this market were built in 1979 and are Class B.