The typical asking rate per listing is in the $20's per square foot per year. The Bannockburn submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 18% decrease in rent.
Compared to the rest of the Chicagoland market, the Bannockburn region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 3 listings have come on the market, which means spaces might be 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 4,560 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this market were built in 1998 and are Class A.