Most listings are in the $30's per square foot per year. The Elgin region is experiencing a a rise in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 15% rise in rent.
Compared to the rest of the Chicagoland market, the Elgin submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 32 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 4,390 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 1 floors. Most buildings in this market were built in 1998 and are Class B.