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)
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 % |
- 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
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 |
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 |
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.