Elgin, IL Industrial Properties for Lease
- South Elgin, IL
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Elgin, IL Industrial properties Lease Rates & Market Statistics
Browse 46 Industrial properties for lease in Elgin, IL on Realmo, a commercial real estate marketplace serving the Elgin area. The current inventory totals 3,604,975 square feet of properties — an average of ~78,350 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 16% below Illinois's state average of $13.61 SF/Yr.
Elgin accounts for 51% of the 91 industrial properties currently available across Kane County, where nearby markets include Aurora and Batavia. By space type, the market includes 21 flex space listings, 9 distribution centers and 8 other industrial properties — other industrial properties typically offer the lowest entry point, while flex space commands the highest rates.
