The typical asking rate per listing is 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% decline in rent.
Compared to the rest of the Chicagoland market, the Oak Brook submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 440 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the office spaces in the Oak Brook are subleases, so you will probably have to focus your search on direct office leases. 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 2,200 sqft. Most properties in this market are approximately 3 floors. Most buildings in this market 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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