Elgin Sublease

Elgin

Office Space Market Report

Number of Listings (last 90 days)
48
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
2,220
As of: March 12, 2017

Elgin Rates

Most listings are in the $10's per square foot per year. The Elgin submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 48% decrease in rent.

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

Elgin Listing Supply

In the last 90 days, 48 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Elgin are subleases, so you will probably have to focus your search on direct office leases. 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 2,220 sqft. Most buildings in this area are close to 1 floors. Most buildings in this area were built in 1999 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