Elk Grove Village Retail

Elk Grove Village

Office Space Market Report

Number of Listings (last 90 days)
24
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
6,950
As of: August 16, 2017

Elk Grove Village Rates

Most listings are in the $30's per square foot per year. The Elk Grove Village region is seeing a a rise in rates. In the last 3 months, the median rate rose $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 have to negotiate above asking rent to be in this hot submarket.

Elk Grove Village Listing Supply

In the last 90 days, 24 listings have come on the market, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 29% of the listings in the Elk Grove Village are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 6,950 sqft, there are still 0 listings 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.

Elk Grove Village Community

Market Report

Trends and status of the commercial real estate market in Elk Grove Village.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Elk Grove Village.
Research