Elgin Industrial

Elgin

Office Space Market Report

Number of Listings (last 90 days)
48
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,040
As of: July 25, 2017

Elgin Rates

Most listings are in the $10's per square foot per year. The Elgin submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 36% increase in rent.

Compared to the rest of the Chicagoland market, the Elgin region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.

Elgin Listing Supply

In the last 90 days, 48 listings have been listed, so you'll want to check back regularly for new listings. About 54% of the available space in the Elgin are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,040 sqft. Most properties in this area are around 1 stories. Most buildings in this area were built in 1998 and are Class B.

Elgin Community

Market Report

Trends and status of the commercial real estate market in Elgin.
Market Report

Market Data

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

Elgin Submarkets