2024 Office Space Rent & Sales
- $25.90 2024 Avg. Asking Rent
- 0.01% Y-o-Y Avg. Asking Rent Change
- 21.04% 2024 Office Vacancy Rate
Itasca office price per square foot in 2024 was $25.90 on average. This marked a +0.01% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 21.04% 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
Itasca, IL Office Asking Rents by Class
Office Spaces for Rent in Illinois
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2024 Office Construction in Itasca, IL
| Office building | Address | SF | Completed |
|---|---|---|---|
| Hamilton Lakes Business Park - 150 Pierce Road | 150 Pierce Road, 60143 | 184,549 | 2002 |
| 1150-1162 Spring Lake Dr | 1150-1162 Spring Lake Dr, 60143 | 40,000 | 1996 |
| 850 North Arlington Heights Road | 850 North Arlington Heights Road, 60143 | 37,500 | 1994 |
| 850 North Arlington Heights Road | 850 North Arlington Heights Road, 60143 | 37,229 | 1994 |
| Two Pierce Place | 2 Pierce Place, 60143 | 485,566 | 1991 |
| Hamilton Lakes Business Park - 333 Pierce Road | 333 Pierce Road, 60143 | 101,711 | 1990 |
| Hamilton Lakes Business Park - 300 Park Blvd | 300 Park Blvd, 60143 | 220,070 | 1987 |
| Hamilton Lakes Business Park - 555 Pierce Road | 555 Pierce Road, 60143 | 96,814 | 1987 |
| Hamilton Lakes Business Park - 450 Devon Avenue | 450 East Devon Avenue, 60143 | 76,087 | 1986 |
| One Pierce Place | 1 Pierce Place, 60143 | 525,422 | 1984 |
Worth noting among recent office completions on the Itasca market is Hamilton Lakes Business Park - 150 Pierce Road, which is currently the largest new office development in the city, at 184,549 square feet.
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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 CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Itasca 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.