The typical asking rate per listing is in the $0's per square foot per year. The Downtown Elgin region is seeing a decline in rates. In the last 3 months, the median rate decreased $15 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 0 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About NaN% of the available space 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around sqft. Most buildings in this area are around 3 stories. Most buildings in this market were built in 1925 and are Class C.
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 market. Commute by public transit is the most popular way to get to work amongst Downtown Elgin occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.