Elgin Industrial

Elgin

Office Space Market Report

Number of Listings (last 90 days)
48
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
2,220
As of: March 12, 2017

Elgin Rates

The typical asking rate per listing is in the $10's per square foot per year. The Elgin submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $15 per sqft per year. That's a 48% decline in rent.

Compared to the rest of the Chicagoland market, the Elgin submarket has lower 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 posted online, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Elgin are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,220 sqft. Most buildings in this market are approximately 1 stories. Most buildings in this market were built in 1999 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