Northwest Elgin Retail

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Northwest Elgin

Office Space Market Report

Number of Listings (last 90 days)
54
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
1,610
As of: July 21, 2017

Northwest Elgin Rates

Most listings are in the $10's per square foot per year. The Northwest Elgin region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.

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

Northwest Elgin Listing Supply

In the last 90 days, 54 listings have been posted online, so you'll want to check back regularly for new listings. About 33% of the available space in the Northwest Elgin are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,610 sqft. Most buildings in this region are close to 1 floors. Most buildings in this market 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 folk of Northwest Elgin work from home. Commuting around 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.
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