Hammond Retail

Hammond

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
2,500
As of: July 26, 2017

Hammond Rates

On average, listings lease in the $10's per square foot per year. The Hammond region is seeing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 33% decrease in rent.

Compared to the rest of the Chicagoland market, the Hammond region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Hammond Listing Supply

In the last 90 days, 8 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available space in the Hammond 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.

The standard measurement for office space in this area is around 2,500 sqft. Most properties in this area are close to 2 stories. Most buildings in this area were built in 1961 and are Class B.

Hammond Community

Market Report

Trends and status of the commercial real estate market in Hammond.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Hammond.
Research