The typical asking rate per listing is in the $20's per square foot per year. The Elm 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 43% increase in rent.
In the last 90 days, 27 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 4% of the available leases in the Elm Grove 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,650 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this market were built in 1966 and are Class B.
Real time and historical data on commercial real estate listings in Elm Grove.
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