Most listings are in the $30's per square foot per year. The South Elgin submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $32 per sqft per year.
Compared to the rest of the Chicagoland market, the South Elgin region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 0 listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the available space in the South Elgin are subleases, so you might be able to snag a great spot on a short term. 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 4,550 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 1 stories. Most buildings in this market were built in 1990.