On average, listings lease in the $20's per square foot per year. The South Elgin submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $26 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Chicagoland market, the South Elgin region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 5 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,790 sqft.