The typical asking rate per listing is in the $30's per square foot per year. The Palatine region is seeing a a boost in rates. In the last 3 months, the median rate rose $17 per sqft per year. That's a 87% rise in rent.
Compared to the rest of the Chicagoland market, the Palatine region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 3 listings have been posted online, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,330 sqft. Most buildings in this market are around 3 stories. Most buildings in this area were built in 1980 and are Class A.