Northwest Elgin Office Space

Northwest Elgin

Office Space Market Report

Number of Listings (last 90 days)
48
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
2,850
As of: February 24, 2017

Northwest Elgin Rates

The typical asking rate per listing is in the $30's per square foot per year. The Northwest Elgin submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 8% increase in rent.

Compared to the rest of the Chicagoland market, the Northwest Elgin submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.

Northwest Elgin Listing Supply

In the last 90 days, 48 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the listings in the Northwest 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 2,850 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 1 stories. Most buildings in this area were built in 1999 and are Class B.

Northwest Elgin Community

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 area. Most of the folk of Northwest Elgin work from home. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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

Elgin Submarkets