On average, listings lease in the $20's per square foot per year. The Elgin region is going through a a boost in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 50% increase in rent.
Compared to the rest of the Chicagoland market, the Elgin submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 43 listings have been made available, so you'll want to check back regularly for new listings. 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 4,980 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 1 stories. Most buildings in this region were built in 1998 and are Class B.