The typical asking rate per listing is in the $20's per square foot per year. The Buffalo Grove submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 46% increase in rent.
Compared to the rest of the Chicagoland market, the Buffalo Grove region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 222 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Buffalo Grove 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.
Even though the median size is 5,370 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 1 floors. Most buildings in this area were built in 1989 and are Class A.
Real time and historical data on commercial real estate listings in Buffalo Grove.
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