Elgin Sublease

Elgin

Office Space Market Report

Number of Listings (last 90 days)
48
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,600
As of: June 27, 2017

Elgin Rates

On average, listings lease in the $10's per square foot per year. The Elgin region is experiencing a an increase in rates. In the last 3 months, the median rate went up $20 per sqft per year.

Compared to the rest of the Chicagoland market, the Elgin region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.

Elgin Listing Supply

In the last 90 days, 48 listings have come on the market, so you'll want to check back regularly for new listings. About 42% of the available space in the Elgin are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,600 sqft. Most buildings in this region are around 1 stories. 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

Elgin Submarkets