Arlington Heights Office Market Trends

Office Rental Market

  • $21.93 2019 Avg. Asking Rent
  • 17.36 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Arlington Heights was $21.93 per square foot, and the office vacancy rate across the market averaged 17.36 %. During 2019, developers added 0 square feet of new office space to the Arlington Heights market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Arlington Heights Class B Office Buildings$22.55
  • Arlington Heights Class C Office Buildings$18.23
  • IL Class A Office Buildings$35.57
  • IL Class B Office Buildings$24.29
  • IL Class C Office Buildings$18.50

Arlington Heights, IL Office Asking Rents by Class

2020 OFFICE VACANCY RATES

Submarket Asking Rents Vacancy Rates
Arlington Heights - Lake Zurich $22.04 27.14 %
I-90 Golden Corridor $21.40 5.62 %
Data provided by Commercial Edge
  • The lowest office vacancy rate in 2020 in Arlington Heights was 5.62 % in the I-90 Golden Corridor submarket, where asking rents averaged $21.40.
  • The highest office vacancy rate in 2020 in Arlington Heights was 27.14 % in the Arlington Heights - Lake Zurich submarket, where asking rents averaged $22.04.

OFFICE CONSTRUCTION IN Arlington Heights, IL

  • Arlington Heights, IL Total Sqft completed in 2019 0
  • Arlington Heights, IL Total Sqft under construction in 2020 0
10 Largest Office Buildings in Arlington Heights
Building name Address Total Sqft Year built
1200 East Algonquin Road 1200 East Algonquin Road, 60016 1,077,545 1963
Northwest Crossings - 1421 West Shure Drive 1421 West Shure Drive, 60004 218,662 1988
Commerce Point I & II 3800 North Wilke Road, 60004 187,638 1986
Northwest Community Healthcare - Busse Center for Specialty Medicine 880 West Central Road, 60005 187,306 2003
One North Arlington 1500 West Shure Drive, 60004 170,507 1986
One North Arlington 1500 West Shure Drive, 60005 170,507 1985
155 East Algonquin Road 155 East Algonquin Road, 60005 150,000 1982
95 West Algonquin Road 95 West Algonquin Road, 60005 136,500 1984
85 West Algonquin Road 85 West Algonquin Road, 60005 133,357 1979
3040 Salt Creek Lane 3040 Salt Creek Lane, 60005 123,944 1983
Largest Office Properties Recently Completed in Arlington Heights
Office building Address Sqft Completed
The Seasons Professional & Medical Office Center 129 West Rand Road, 60004 28,364 2008
Northwest Community Healthcare - Busse Center for Specialty Medicine 880 West Central Road, 60005 187,306 2003
2020 South Arlington Heights Road 2020 South Arlington Heights Road, 60005 57,770 2002
Northwest Crossings - 1421 West Shure Drive 1421 West Shure Drive, 60004 218,662 1988
Signature Square North 3255 North Arlington Heights Road, 60004 57,764 1988
444 East Algonquin Road 444 East Algonquin Road, 60005 32,940 1988
1700 West Central Road 1700 West Central Road, 60005 32,376 1987
Commerce Point I & II 3800 North Wilke Road, 60004 187,638 1986
One North Arlington 1500 West Shure Drive, 60004 170,507 1986
Arlington Corporate Center 3250 North Arlington Heights Road, 60004 72,961 1986
Data provided by Commercial Edge

Office Spaces for Rent in Illinois

See trends for nearby markets

The Arlington Heights office market contains an inventory of 3,052,269 square feet of office space, in 68 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive 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.