The typical asking rate per listing is in the $10's per square foot per year. The Elk Grove Village submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 37% decrease in rent.
Compared to the rest of the Chicagoland market, the Elk Grove Village region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 10 listings have been made available, which means leases might be 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 posted, so finding a space for a small business might be tough.
Even though the median size is 7,091 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 1 stories. Most buildings in this area were built in 1979 and are Class B.