Most listings are in the $30's per square foot per year. The Northwest Elgin region is going through a a rise in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 15% rise in rent.
Compared to the rest of the Chicagoland market, the Northwest Elgin submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 23 listings have come on the market, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 4,760 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this region 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 residents of Northwest Elgin work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.