The typical asking rate per listing is 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 went up $15 per sqft per year. That's a 92% rise in rent.
Compared to the rest of the Chicagoland market, the Elk Grove Village region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 24 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 29% of the available leases in the Elk Grove Village are subleases, so you might be able to find a shorter term or below market rent. 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 new availabilities below 2,000 sqft. Most buildings in this area are approximately 1 floors. Most buildings in this area were built in 1979 and are Class B.