The typical asking rate per listing is in the $20's per square foot per year. The Northbrook submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 28% rise in rent.
In the last 90 days, 4 listings have been listed, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 75% of the office spaces in the Northbrook 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,920 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1977.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Northbrook residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.