Northwest Elgin Retail

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Northwest Elgin

Office Space Market Report

Number of Listings (last 90 days)
36
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
5,460
As of: December 5, 2016

Northwest Elgin Rates

The typical asking rate per listing is in the $20's per square foot per year. The Northwest Elgin submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 50% rise in rent.

Compared to the rest of the Chicagoland market, the Northwest Elgin region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Northwest Elgin Listing Supply

In the last 90 days, 36 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 5,460 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region 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 region. 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