2024 Office Space Rent & Sales
- $19.49 2024 Avg. Asking Rent
- 24.12% 2024 Office Vacancy Rate
Arlington Heights office price per square foot in 2024 was $19.49 on average. The local office market recorded an average vacancy rate of 24.12% 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
2024 Average Office Rent per Square Foot
- Illinois Class A & A+ Office Space$29.95
- Illinois Class B Office Space$26.01
- Illinois Class C Office Space$22.42
Arlington Heights, IL Office Asking Rents by Class
2024 Office Vacancy Rates in Arlington Heights
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| North Shore - South | $29.63 | 26.81% |
| Arlington Heights - Lake Zurich | $21.85 | 14.71% |
| I-90 Golden Corridor | $21.61 | 30.04% |
Office Spaces for Rent in Illinois
Coworking Spaces in Illinois
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| Office building | Address | SF | Completed |
|---|---|---|---|
| Arlington Heights MOB | 1632 W Central Road, 60005 | 16,097 | 1997 |
| 3255-3295 N Arlington Heights Road | 3255-3295 N Arlington Heights Road, 60004 | 19,524 | 1990 |
| 444 East Algonquin Road | 444 East Algonquin Road, 60005 | 29,818 | 1988 |
| 3350 W. Salt Creek Lane | 3350 W. Salt Creek Lane, 60005 | 38,687 | 1985 |
| Medical/Dental Office Space | 1600 N Arlington Heights Rd, 60004 | 6,968 | 1985 |
| 2101 South Arlington Heights Road | 2101 South Arlington Heights Road, 60005 | 62,715 | 1984 |
| Enterprise Office Center | 3105 North Wilke Road, 60004 | 45,470 | 1984 |
| 617-657 East Golf Road | 617-657 East Golf Road, 60005 | 15,697 | 1984 |
| 155 East Algonquin Road | 155 East Algonquin Road, 60005 | 150,000 | 1982 |
| 155 East Algonquin | 155 East Algonquin, 60005 | 147,373 | 1982 |
Worth noting among recent office completions on the Arlington Heights market is Arlington Heights MOB, which is currently the largest new office development in the city, at 16,097 square feet.
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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Arlington Heights 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.