On average, listings lease in the $20's per square foot per year. The Arlington Heights submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Chicagoland market, the Arlington Heights submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 38 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,080 sqft. Most buildings in this area are approximately 1 floors. Most buildings in this region were built in 1985 and are Class A.