Merrillville Retail

Merrillville

Office Space Market Report

Number of Listings (last 90 days)
17
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
1,710
As of: June 22, 2017

Merrillville Rates

The typical asking rate per listing is in the $10's per square foot per year. The Merrillville submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $17 per sqft per year.

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 submarket.

Merrillville Listing Supply

In the last 90 days, 17 listings have been made available, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 71% of the available leases in the Merrillville are subleases, so you might be able to snag a great spot on a short term. 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 1,710 sqft. Most properties in this market are close to 1 floors. Most buildings in this area were built in 1983 and are Class B.

Merrillville Community

Market Report

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

Market Data

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