On average, listings lease in the $10's per square foot per year. The Mount Prospect submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Chicagoland market, the Mount Prospect submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 34 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 14,450 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 1 stories. Most buildings in this area were built in 1986 and are Class B.