On average, listings lease in the $30's per square foot per year. The Elk Grove Village region is experiencing a an increase in rates. In the last 3 months, the median rate increased $15 per sqft per year. That's a 92% rise in rent.
Compared to the rest of the Chicagoland market, the Elk Grove Village submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 24 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 29% of the available space in the Elk Grove Village 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 6,950 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 1 stories. Most buildings in this region were built in 1979 and are Class B.