Elgin Medical

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Elgin

Market Report

Number of Listings
Posted in the last 90 days
8
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
2,500

Elgin Rates

Most listings are in the $30's per square foot per year. The Elgin region is seeing a a boost in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 53% increase in rent.

Compared to the rest of the Chicagoland market, the Elgin region has greater rates, and you'll need to make a great offer to be in this hot submarket.

Elgin Listing Supply

In the last 90 days, 319 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the office spaces in the Elgin are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this area are around 1 floors. Most buildings in this market were built in 1993 and are Class B.

Elgin Community

Market Data

Real time and historical data on commercial real estate listings in Elgin.
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