On average, listings lease in the $10's per square foot per year. The Merrillville submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the Chicagoland market, the Merrillville region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 17 listings have been made available, which means new listings 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 1,650 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this region were built in 1983 and are Class B.