The typical asking rate per listing is in the $20's per square foot per year. The Northwest Elgin region is going through a decline in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 33% decline in rent.
Compared to the rest of the Chicagoland market, the Northwest Elgin submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 54 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 1,480 sqft. Most properties in this area are approximately 1 floors. Most buildings in this area 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 area. Most of the residents of Northwest Elgin work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.