On average, listings lease in the $30's per square foot per year. The Elk Grove Village submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $16 per sqft per year. That's a 98% increase in rent.
Compared to the rest of the Chicagoland market, the Elk Grove Village submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 28 listings have been listed, which means new availabilities might be going fast. 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.
Even though the median size is 3,030 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 1 stories. Most buildings in this area were built in 1980 and are Class B.