The typical asking rate per listing is in the $10's per square foot per year. The Palatine region is seeing a decrease in rates. In the last 3 months, the median rate decreased $19 per sqft per year. That's a 52% decrease in rent.
Compared to the rest of the Chicagoland market, the Palatine region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 3 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 6,280 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this region were built in 1975 and are Class B.