On average, listings lease in the $20's per square foot per year. The North Country Knolls region is seeing a a boost in rates. In the last 3 months, the median rate went up $28 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Chicagoland market, the North Country Knolls region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 18 listings have come on the market, which means new availabilities most likley are leasing quickly. 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 1,920 sqft. Most buildings in this region are approximately 4 stories. Most buildings in this region were built in 1991 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Most of the occupants of North Country Knolls work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.