Most listings are in the $10's per square foot per year. The Elgin submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 48% decrease in rent.
Compared to the rest of the Chicagoland market, the Elgin region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 48 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Elgin are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,220 sqft. Most buildings in this area are close to 1 floors. Most buildings in this area were built in 1999 and are Class B.