Most listings are in the $20's per square foot per year. The Northwest Elgin region is seeing a a rise in rates. In the last 3 months, the median rate increased $20 per sqft per year.
Compared to the rest of the Chicagoland market, the Northwest Elgin region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 54 listings have been posted online, so you'll want to check back regularly for new listings. About 31% of the available leases in the Northwest Elgin are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,500 sqft. Most properties in this market are around 1 stories. 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 occupants of Northwest Elgin work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.