The typical asking rate per listing is in the $40's per square foot per year. The Ranch Triangle submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $42 per sqft per year.
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 submarket.
In the last 90 days, 1 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 1,600 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this area 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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.