Northwest Elgin Sublease

Northwest Elgin

Office Space Market Report

Number of Listings (last 90 days)
47
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
2,850
As of: February 19, 2017

Northwest Elgin Rates

Most listings are in the $30's per square foot per year. The Northwest Elgin submarket is going through a a rise in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 8% rise in rent.

Compared to the rest of the Chicagoland market, the Northwest Elgin region has greater rates, and you'll need to make a great offer to be in this hot region.

Northwest Elgin Listing Supply

In the last 90 days, 47 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available leases in the Northwest Elgin are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,850 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 1 stories. Most buildings in this area 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 area. Most of the residents 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.
Research

Elgin Submarkets