The typical asking rate per listing is in the $20's per square foot per year. The Valparaiso region is seeing a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Chicagoland market, the Valparaiso region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 3 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 200% of the available space in the Valparaiso 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this area were built in 1979 and are Class B.