On average, listings lease in the $10's per square foot per year. The Elk Grove Village submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 37% decrease in rent.
Compared to the rest of the Chicagoland market, the Elk Grove Village region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 24 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,030 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 1 stories. Most buildings in this area were built in 1979 and are Class B.