On average, listings lease in the $20's per square foot per year. The Buffalo Grove region is experiencing a a rise in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 46% increase in rent.
Compared to the rest of the Chicagoland market, the Buffalo Grove submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 10 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 70% of the office spaces in the Buffalo Grove 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 available, so finding a space for a small business might be tough.
Even though the median size is 5,370 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 1 floors. Most buildings in this market were built in 1989 and are Class A.