On average, listings lease in the $10's per square foot per year. The Elk Grove Village submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 48% decline in rent.
Compared to the rest of the Chicagoland market, the Elk Grove Village region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 168 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the listings in the Elk Grove Village are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,990 sqft. Most buildings in this market are approximately 1 stories. Most buildings in this region were built in 1979 and are Class B.
Real time and historical data on commercial real estate listings in Elk Grove Village.
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