Multilayer substrate and method for manufacturing same

A multilayer substrate includes an element assembly including insulating layers stacked along a layer stacking axis including a first direction and a second direction, and a coil disposed at the element assembly. The coil includes a spiral of two or more turns when viewed from the layer stacking axis and extending along the layer the first direction while spiraling from outside inward. A portion of the coil defining an outermost turn of the spiral is defined as a first coil portion, an inner portion of the coil that is the nth nearest from the first coil portion is defined as an n+1th coil portion, and a space between the nth coil portion and the n+1th coil portion is defined as an nth space, where n is a natural number.