The typical asking rate per listing is in the $30's per square foot per year. The Ranch Triangle region is seeing a decrease in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 28% decline in rent.
Compared to the rest of the Chicagoland market, the Ranch Triangle submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 1 listings have come on the market, which means listings most likley are 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,300 sqft. Most properties in this area are around 2 floors. Most buildings in this market were built in 1939 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Ranch Triangle residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.