On average, listings lease in the $20's per square foot per year. The Magnolia Glen submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $25 per sqft per year.
Compared to the rest of the Chicagoland market, the Magnolia Glen region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 2 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 6,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 3 floors. Most buildings in this area were built in 1940 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Most of the folk of Magnolia Glen work from home. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.