On average, listings lease in the $10's per square foot per year. The Palatine region is going through a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 19% decrease in rent.
Compared to the rest of the Chicagoland market, the Palatine submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 12 listings have been listed, which means new listings 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.
Even though the median size is 2,650 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 3 floors. Most buildings in this region were built in 1980 and are Class C.