The typical asking rate per listing is in the $10's per square foot per year. The Elgin region is experiencing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 24% decrease in rent.
Compared to the rest of the Chicagoland market, the Elgin submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 48 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 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 890 sqft. Most properties in this region are close to 1 stories. Most buildings in this region were built in 1998 and are Class B.