Northwest Elgin Office Space

Northwest Elgin

Office Space Market Report

Number of Listings (last 90 days)
54
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,540
As of: March 12, 2017

Northwest Elgin Rates

On average, listings lease in the $20's per square foot per year. The Northwest Elgin submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 26% decrease in rent.

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

Northwest Elgin Listing Supply

In the last 90 days, 54 listings have been listed, 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 available, so finding a space for a small business might be tough.

Even though the median size is 2,540 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 1 floors. Most buildings in this region 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 market. Most of the residents 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