Compared to the rest of the Chicagoland market, the South Elgin submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 19 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 5% of the office spaces in the South 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,500 sqft. Most properties in this area are around 1 stories. Most buildings in this region were built in 1990.
Real time and historical data on commercial real estate listings in South Elgin.
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