The typical asking rate per listing is in the $20's per square foot per year. The Northwest Elgin submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 33% decrease in rent.
Compared to the rest of the Chicagoland market, the Northwest Elgin region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 54 listings have been listed, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,480 sqft. Most properties in this market are approximately 1 stories. Most buildings in this market were built in 1999 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Most of the occupants of Northwest Elgin work from home. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.