Arlington Heights Office Rent Price & Sales Report

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%
Data provided by Yardi Research
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Arlington Heights market was 24.12% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Arlington Heights was 14.71% in the Arlington Heights - Lake Zurich submarket, while the highest office vacancy in the market was 30.04%, recorded in I-90 Golden Corridor.

Office Spaces for Rent in Illinois

Coworking Spaces in Illinois

Largest Office Properties Recently Completed in Arlington Heights
Office building Address SF Completed
3436 N Kennicott Ave 3436 N Kennicott Ave, 60004 131,616 2015
1628 Central Rd Arlington Heights 1628 Central Rd Arlington Heights, 60005 8,455 2007
1628 Central Rd Arlington Heights 1628 Central Rd Arlington Heights, 60005 8,455 2007
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
95 West Algonquin Road 95 West Algonquin Road, 60005 136,500 1984
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

Worth noting among recent office completions on the Arlington Heights market is 3436 N Kennicott Ave, which is currently the largest new office development in the city, at 131,616 square feet.

Data provided by Yardi Research

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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 Yardi Research Data, 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 Yardi Research Data can guarantee that the information provided is complete.