Downtown Elgin Retail

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Downtown Elgin

Office Space Market Report

Number of Listings (last 90 days)
0
Median Rate ($/sqft/yr)
$15
Median Size (sqft)
860
As of: March 29, 2017

Downtown Elgin Rates

Most listings are in the $10's per square foot per year. The Downtown Elgin submarket is going through a a rise in rates. In the last 3 months, the median rate went up $15 per sqft per year.

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

Downtown Elgin Listing Supply

In the last 90 days, 0 listings have been listed, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About NaN% of the office spaces in the Downtown 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 860 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this area were built in 1925 and are Class C.

Downtown Elgin Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Downtown Elgin residents. Commuting between 30 and 45 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 Downtown Elgin.
Market Report

Market Data

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