Highlights
- The average rent for office space in Deerfield is $24.81 per square foot, 7.39% lower compared to the previous year.
- The market’s vacancy rate stands at 26.30%, higher than the state average of Illinois, which is 24.54%.
2025 Office Space Rent & Sales
- $24.81 2025 Avg. Asking Rent
- -7.39% Y-o-Y Avg. Asking Rent Change
- 26.30% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Deerfield?
Average asking rents for office space here stand at $24.81 per square foot. The local office market recorded an average vacancy rate of 26.30% in 2025, unchanged from 26.30% in 2024.
Deerfield, IL Office Asking Rents by Class
What is the average office rent per square foot by property class in IL?
- Avg. Asking Rent Class A & A+$34.01
- Avg. Asking Rent Class B$25.49
- Avg. Asking Rent Class C$22.85
For comparison, the average rent for Class A and A+ office space in Illinois was $34.01 per square foot. The state-wide average for Class B space was $25.49 per square foot, and Class C office spaces averaged $22.85 per square foot.
Deerfield, IL Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| North Shore - South | $31.08 | 23.86% |
| North Shore - North | $23.68 | 33.32% |
What are the largest recent office completions in Deerfield?
The largest recent office completion here is ArborLake Centre at 247,367 square feet, completed in 1989. The next largest completions are Bannockburn Corporate Center and 4 Parkway North.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Class A Office Space for Lease | Riverwoods Corporate Center | 2610 Lake Cook Road, | 9,658 | 2006 |
| 10 Parkway North | 10 Parkway North, 60015 | 99,566 | 2000 |
| Ten Parkway Boulevard North | 10 Parkway N, 60015 | 49,194 | 2000 |
| Bannockburn Corporate Center | 3000 Lakeside Drive, 60015 | 209,225 | 1999 |
| 4 Parkway North | 4 Parkway North, 60015 | 176,187 | 1999 |
| 1650 Lake Cook Road | 1650 Lake Cook Road, 60015 | 125,690 | 1998 |
| 1500 Lakeside Drive | 1500 Lakeside Drive, 60015 | 41,426 | 1998 |
| 1000 Lakeside Drive | 1000 Lakeside Drive, 60015 | 56,732 | 1996 |
| 1000 Lakeside Drive | 1000 Lakeside Drive, 60015 | 56,732 | 1996 |
| ArborLake Centre | 1751 Lake Cook Road, 60015 | 247,367 | 1989 |
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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.