On average, listings lease in the $20's per square foot per year. The Cantera submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $28 per sqft per year.
Compared to the rest of the Chicagoland market, the Cantera region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 7 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 29% of the office spaces in the Cantera are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,720 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are close to 3 stories. Most buildings in this market were built in 1999 and are Class A.
This area is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Cantera occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.