Elgin Office Space

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2205 Point Blvd - Unit 120 Elgin, IL Close Highway.
Jul 06
2,500
sqft
Office
1380 Madeline Ln - Space Elgin, IL 32’ clear height
Apr 27
40,000
sqft
Office

Elgin

Market Report

Number of Listings
Posted in the last 90 days
14
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
2,500

Elgin Rates

The typical asking rate per listing is in the $30's per square foot per year. The Elgin region is experiencing 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 more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Elgin Listing Supply

In the last 90 days, 319 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the available space in the Elgin are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 market are close to 1 floors. Most buildings in this region were built in 1993 and are Class B.

Elgin Community

Market Data

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