The typical asking rate per listing is in the $30's per square foot per year. The Palatine submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $17 per sqft per year. That's a 87% rise in rent.
Compared to the rest of the Chicagoland market, the Palatine submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,330 sqft. Most properties in this market are approximately 3 stories. Most buildings in this area were built in 1980 and are Class A.