The typical asking rate per listing is in the $20's per square foot per year. The Cantera submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 18% increase in rent.
Compared to the rest of the Chicagoland market, the Cantera submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 8 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 19,680 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 3 floors. Most buildings in this area were built in 1999 and are Class A.
This area is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Cantera folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.