Median rate is a number derived from the median rate of listings posted on 42floors and reports from thought leaders in the area.
Median Size (sqft)
Winnebago County Office & Commercial Space
Featuring a population of roughly 300,000 residents, Winnebago County is one of the larger regions within the state of Illinois and is considered part of the Rockford, Illinois Metropolitan Statistical Area. Comprised primarily of small communities and manufacturing centers, Winnebago County offers business owners the opportunity to find rental property for lease that is quite affordable compared to more densely populated regions of the state. Commercial space for rent in Winnebago County varies widely in terms of size, price and functionality, depending upon its location. That being said, the numerous neighborhood zones located in the communities comprising Winnebago County may prove to be perfect locations for those seeking to establish a firm foothold within the state by obtaining office space for rent.
Winnebago County Economic Overview
The vast majority of residents within Winnebago County are positioned within a lower-middle / middle class economic strata. Median household income here coincides directly with state averages. Although this may seem to implicate that the area is somewhat depressed financially, the relatively low cost of living within Winnebago County ensures that residents still enjoy a degree of purchasing power that enables them to support local business establishments. The most dominant industries and occupations found within Winnebago County are primarily oriented around manufacturing and construction-related positions. In Rockford, a prominent community within Winnebago County, additional economic and cultural opportunities are widely available.
Winnebago County At A Glance
Winnebago County was formed in 1836, following the merger of the former Jo Daviess and LaSalle counties. Although the area has not experienced a level of economic or population growth on par with the more vibrant regions of Illinois, particularly those surrounding Chicago, it has nonetheless remained a consistently active county. Some of the larger communities in Winnebago County include Rockford and Loves Park. Rockford is considered to be one of the most economically and culturally active regions of Winnebago County, and hosts a population of approximately 153,000 inhabitants.
Where To Lease In Winnebago County
As could be expected, business owners are advised to search for rental properties in the more densely populated areas of Winnebago County if at all possible, due in large part to the fact that more networking and financial opportunities can be found in these areas. That being said, it is also important to mention that rental rates are likely to decrease as individuals distance themselves from larger communities, such as Rockford.