The typical asking rate per listing is in the $0's per square foot per year. The Downtown Elgin submarket is seeing a decline in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 0 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About NaN% of the available leases in the Downtown 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 sqft. Most properties in this area are approximately 3 stories. Most buildings in this area were built in 1925 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown Elgin folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.