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Burr Ridge Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $20.37 2023 Avg. Asking Rent
  • 6.99% 2023 Office Vacancy Rate

Burr Ridge office price per square foot in 2023 was $20.37 on average. The local office market recorded an average vacancy rate of 6.99% across all asset classes combined.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2023 Average Office Rent per Square Foot

  • Illinois Class A & A+ Office Space$33.01
  • Illinois Class B Office Space$25.97
  • Illinois Class C Office Space$28.31

Burr Ridge, IL Office Asking Rents by Class

Office Spaces for Rent in Illinois

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Coworking Spaces in Illinois

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Largest Office Properties Recently Completed in Burr Ridge
Office building Address SF Completed
Woodland Park Burr Ridge 16W273-16W345 83rd St, 60527 6,500 2011
IPM Professional Center 60 North Frontage Road, 60527 45,684 2003
1000 Burr Ridge Pkwy 1000 Burr Ridge Pkwy, 60527 57,222 2002
8500 S Madison Street 8500 South Madison Street, 60521 50,277 1999
The Prairie Building 835 Mcclintock Dr, 60527 23,334 1997
1333 Burr Ridge Parkway 1333 Burr Ridge Parkway, 60521 150,000 1993
Burr Ridge Business Center 745 McClintock Dr, 60527 62,148 1988
Woodland Park Commerce Center 16W235 83rd St, 60527 15,000 1980

Worth noting among recent office completions on the Burr Ridge market is Woodland Park Burr Ridge, which is currently the largest new office development in the city, at 6,500 square feet.

Data provided by Commercial Edge

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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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Burr Ridge 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.


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