The typical asking rate per listing is in the $10's per square foot per year. The Mount Prospect region is seeing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 28% decline in rent.
Compared to the rest of the Chicagoland market, the Mount Prospect submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 18 listings have been posted online, which means spaces 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 16,900 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this market were built in 1986 and are Class B.