Elgin Sublease

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Elgin

Office Space Market Report

Number of Listings (last 90 days)
34
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
4,400
As of: January 17, 2017

Elgin Rates

Most listings are in the $30's per square foot per year. The Elgin region is experiencing a a rise in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 15% rise in rent.

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

Elgin Listing Supply

In the last 90 days, 32 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 4,390 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 1 floors. Most buildings in this market were built in 1998 and are Class B.

Elgin Community

Market Report

Trends and status of the commercial real estate market in Elgin.
Market Report

Market Data

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