The typical asking rate per listing is in the $10's per square foot per year. The Hammond submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 33% decline in rent.
Compared to the rest of the Chicagoland market, the Hammond submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 8 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 38% of the listings in the Hammond are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most properties in this region are close to 2 floors. Most buildings in this area were built in 1962 and are Class B.