On average, listings lease in the $20's per square foot per year. The Oak Brook submarket is seeing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 17% decrease in rent.
Compared to the rest of the Chicagoland market, the Oak Brook submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 440 listings have come on the market, so you'll want to check back regularly for new listings. About 9% of the listings in the Oak Brook are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, 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 market are approximately 3 stories. Most buildings in this region were built in 1978 and are Class B.
Real time and historical data on commercial real estate listings in Oak Brook.
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