Elgin, IL Industrial Properties for Lease
- South Elgin, IL
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Elgin, IL Industrial properties Lease Rates & Market Statistics
Browse 56 Industrial properties for lease in Elgin, IL on Realmo, a commercial real estate marketplace serving the Elgin area. The current inventory totals 4,456,646 square feet of properties — an average of ~79,600 SF per listing.
Asking lease rates for Industrial properties in Elgin start at $7.50 SF/Yr, average $11.42 SF/Yr, and reach $17 SF/Yr at the top of the market. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. At $11.42 SF/Yr, the local average runs 19% below Illinois's state average of $14.17 SF/Yr.
Elgin accounts for 55% of the 101 industrial properties currently available across Kane County, where nearby markets include Aurora and Batavia. By space type, the market includes 29 flex space listings, 11 distribution centers and 10 other industrial properties — other industrial properties typically offer the lowest entry point, while flex space commands the highest rates.
