On average, listings lease in the $10's per square foot per year. The Elgin region is experiencing a an increase in rates. In the last 3 months, the median rate went up $20 per sqft per year.
Compared to the rest of the Chicagoland market, the Elgin region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 48 listings have come on the market, so you'll want to check back regularly for new listings. About 42% of the available space in the Elgin 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,600 sqft. Most buildings in this region are around 1 stories. Most buildings in this market were built in 1998 and are Class B.