On average, listings lease in the $30's per square foot per year. The Ranch Triangle region is experiencing a decrease in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 19% decrease in rent.
Compared to the rest of the Chicagoland market, the Ranch Triangle region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 1 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 stories. Most buildings in this region 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 occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.