2020 Office Space Rent & Sales
- $25.89 2020 Avg. Asking Rent
- 14.99% 2020 Office Vacancy Rate
Bolingbrook office price per square foot in 2020 was $25.89 on average. The local office market recorded an average vacancy rate of 14.99% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Bolingbrook Class A Office Space$26.55
- Bolingbrook Class B Office Space$22.32
- Bolingbrook Class C Office Space$21.75
- Illinois Class A Office Space$34.92
- Illinois Class B Office Space$24.53
- Illinois Class C Office Space$18.73
Bolingbrook, IL Office Asking Rents by Class
Average office rent in Bolingbrook rested at $25.89 per square foot in 2020. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Bolingbrook averaged $26.55 per square foot. Across all submarkets, class B office space recorded an average asking rent of $22.32 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $21.75 per square foot, on average. Comparably, statewide Illinois average office rents by class in 2020 were: $34.92 per square foot for class A office space; $24.53 per square foot for class B office space; $18.73 per square foot for class C office space.
2020 Office Construction in Bolingbrook, IL
- Bolingbrook, IL Total SF completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Bolingbrook office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
|590 Kildeer Drive||590 Kildeer Drive, 60440||27,532||2017|
|Remington Corporate Center||215 Remington Blvd, 60440||63,000||2008|
|Remington Medical Commons||329 Remington Blvd, 60440||38,752||2008|
|Tallgrass Corporate Center||1000 Remington Blvd, 60440||533,365||2007|
|245 West Crossroads Pkwy||245 West Crossroads Pkwy, 60440||105,105||1999|
|780 Remington Blvd||780 Remington Blvd, 60440||134,697||1996|
Worth noting among recent office completions on the Bolingbrook market is 590 Kildeer Drive, which is currently the largest new office development in the city, at 27,532 square feet.
See reports for nearby markets
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Bolingbrook commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.