On average, listings lease in the $20's per square foot per year. The Hammond submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 53% rise in rent.
Compared to the rest of the Chicagoland market, the Hammond submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 5 listings have been made available, which means listings might be 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 6,200 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area were built in 1961 and are Class C.