Northwest Elgin Sublease

Northwest Elgin

Office Space Market Report

Number of Listings (last 90 days)
54
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,540
As of: March 12, 2017

Northwest Elgin Rates

Most listings are in the $20's per square foot per year. The Northwest Elgin submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 26% decline in rent.

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

Northwest Elgin Listing Supply

In the last 90 days, 54 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Northwest Elgin are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,540 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 1 floors. 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 market. Most of the folk of Northwest Elgin work from home. Commuting close to 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