The typical asking rate per listing is in the $30's per square foot per year. The Elk Grove Village region is experiencing a a rise in rates. In the last 3 months, the median rate went up $16 per sqft per year. That's a 98% rise in rent.
Compared to the rest of the Chicagoland market, the Elk Grove Village region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 27 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 4,125 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 1 floors. Most buildings in this market were built in 1980 and are Class B.