The typical asking rate per listing is in the $20's per square foot per year. The Northbrook submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 11% decrease in rent.
Compared to the rest of the Chicagoland market, the Northbrook region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 35 listings have been listed, which means new availabilities might be leasing quickly. 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.
The standard measurement for office space in this area is around 1,870 sqft. Most properties in this region are approximately 4 stories. Most buildings in this area were built in 1980 and are Class A.