On average, listings lease in the $10's per square foot per year. The Merrillville submarket is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 13% decrease in rent.
Compared to the rest of the Chicagoland market, the Merrillville submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 17 listings have been posted online, which means leases 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,710 sqft. Most properties in this area are close to 1 floors. Most buildings in this region were built in 1983 and are Class B.