On average, listings lease in the $10's per square foot per year. The Merrillville submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $17 per sqft per year.
Compared to the rest of the Chicagoland market, the Merrillville submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 17 listings have been listed, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 59% of the available leases in the Merrillville are subleases, so you might be able to find a shorter term or below market rent. 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 1,710 sqft. Most buildings in this market are around 1 floors. Most buildings in this region were built in 1983 and are Class B.