On average, listings lease in the $20's per square foot per year. The Hammond submarket is going through a an increase in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 77% rise in rent.
Compared to the rest of the Chicagoland market, the Hammond submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 5 listings have been posted online, which means office spaces 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.
Even though the median size is 6,200 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 2 stories. Most buildings in this market were built in 1961 and are Class C.