On average, listings lease in the $10's per square foot per year. The Elgin region is seeing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 24% decline in rent.
Compared to the rest of the Chicagoland market, the Elgin region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 48 listings have been made available, so you'll want to check back regularly for new listings. 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 890 sqft. Most properties in this region are around 1 floors. Most buildings in this area were built in 1998 and are Class B.