The typical asking rate per listing is in the $10's per square foot per year. The Palatine region is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Chicagoland market, the Palatine submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 3 listings have been made available, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 133% of the available space in the Palatine are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 6,550 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 3 stories. Most buildings in this region were built in 1975 and are Class B.