The typical asking rate per listing is in the $20's per square foot per year. The Buffalo Grove submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 21% decrease in rent.
Compared to the rest of the Chicagoland market, the Buffalo Grove region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 19 listings have come on the market, which means leases most likley are 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 available, so finding a space for a small business might be tough.
Even though the median size is 7,770 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 1 floors. Most buildings in this region were built in 1989 and are Class A.