The typical asking rate per listing is in the $20's per square foot per year. The Arlington Heights region is going through a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the Chicagoland market, the Arlington Heights submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 319 listings have been posted online, so you'll want to check back regularly for new listings. About 32% of the listings in the Arlington Heights 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 1,250 sqft. Most buildings in this area are close to 1 floors. Most buildings in this area were built in 1984 and are Class B.
Real time and historical data on commercial real estate listings in Arlington Heights.
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