Most listings are in the $10's per square foot per year. The Northwest Elgin region is seeing a decline in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 40% decrease in rent.
Compared to the rest of the Chicagoland market, the Northwest Elgin region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 257 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the office spaces in the Northwest Elgin are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,670 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 1 floors. Most buildings in this area were built in 1999 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Most of the folk of Northwest Elgin work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Northwest Elgin.
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