Downers Grove Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Downers Grove is $31.07 per square foot, 8.41% higher compared to the previous year.
  • The market’s vacancy rate stands at 21.60%, lower than the state average of Illinois, which is 24.54%.

2025 Office Space Rent & Sales

  • $31.07 2025 Avg. Asking Rent
  • 8.41% Y-o-Y Avg. Asking Rent Change
  • 21.60% 2025 Office Vacancy Rate
  • $32.3M2025 Total Office Sales
  • $33.44Avg. Sale Price/SF

What is the average asking rent price for office space in Downers Grove?

Average asking rents for office space here stand at $31.07 per square foot. The local office market recorded an average vacancy rate of 21.60% in 2025, unchanged from 21.60% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $32.3M across 6 sales. These transactions commanded an average sale price per square foot of $33.44.

Downers Grove, 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.

Downers Grove, IL Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Downers Grove was Eastern East-West Corridor at 21.78%. Meanwhile, the highest office vacancy rate in the market was 24.40%, recorded in Western East-West Corridor.
Submarket Asking Rents Vacancy Rates
Eastern East-West Corridor $28.03 21.78%
Western East-West Corridor $23.59 24.40%
Data provided by Yardi Research

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2025 Office Sales Volume

  • $33.442025 Avg. Price per SF
  • $32.3M2025 Office Sales Volume
  • 62025 Number of Transactions

What is the average sale price per square foot for office space in Downers Grove?

Average sale prices for office space in this market recorded a -67.43% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $33.44 per square foot. For comparison, the statewide Illinois average during the same time period stood at $63.61 per square foot, while the national average was $182.48 per square foot.

Downers Grove, IL Sale Price per SF Trend

  • Downers Grove Avg. Sale Price per SF in 2025$33.44
  • Illinois Avg. Sale Price per SF in 2025$63.61

What was the total office sales volume in Downers Grove in 2025?

The local office market recorded 6 deals in 2025, adding up to a yearly sales volume of $32.3M.

  • Downers Grove, IL Total Office Sales Volume in 2025 $32.3M
  • Downers Grove, IL Total Number of Office Sales Closed in 2025 6
Data provided by Yardi Research

What are the largest recent office completions in Downers Grove?

The largest recent office completion here is Esplanade at Locust Point II at 584,000 square feet, completed in 1992. The next largest completions are Esplanade I and Esplanade IV.

Office building Address SF Completed
Good Samaritan POB I & II 3825 Highland Avenue, 60515 156,977 2017
Esplanade V 3250 Lacey Road, 60515 163,624 2002
Esplanade V 3250 Lacey Road, 60515 163,624 2002
Esplanade IV 1901 Butterfield Road, 60515 278,285 1999
Highland Landmark II 3025 Highland Pkwy, 60515 277,814 1998
Esplanade at Locust Point II 3500 Lacey Road, 60515 584,000 1992
Esplanade R&D 3131 Woodcreek Drive, 60515 72,929 1991
Esplanade I 2001 Butterfield Road, 60515 536,322 1990
1401 Branding Avenue 1401 Branding Avenue, 60515 35,500 1985
3041 Woodcreek Dr 3041 Woodcreek Dr, 60515 23,562 1984
Data provided by Yardi Research

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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.