The typical asking rate per listing is in the $30's per square foot per year. The South Elgin submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $32 per sqft per year.
Compared to the rest of the Chicagoland market, the South Elgin submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 0 listings have come on the market, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the available space in the South Elgin are subleases, so you might be able to find a shorter term or below market rent. 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 4,550 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 1 floors. Most buildings in this region were built in 1990.