The typical asking rate per listing is in the $20's per square foot per year. The Rolling Meadows submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 17% decrease in rent.
Compared to the rest of the Chicagoland market, the Rolling Meadows submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 34 listings have come on the market, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 21% of the available leases in the Rolling Meadows are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,470 sqft. Most properties in this region are approximately 1 stories. Most buildings in this area were built in 1978 and are Class A.