Highlights
- The average rent for office space in Itasca is $26.30 per square foot, 1.54% higher compared to the previous year.
- The market’s vacancy rate stands at 26.09%, higher than the state average of Illinois, which is 24.54%.
2025 Office Space Rent & Sales
- $26.30 2025 Avg. Asking Rent
- 1.54% Y-o-Y Avg. Asking Rent Change
- 26.09% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Itasca?
Average asking rents for office space here stand at $26.30 per square foot. The local office market recorded an average vacancy rate of 26.09% in 2025, unchanged from 26.09% in 2024.
Itasca, 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.
Office Construction in Itasca, IL
What are the largest recent office completions in Itasca?
The largest recent office completion here is One Pierce Place at 525,422 square feet, completed in 1984. The next largest completions are Hamilton Lakes Business Park - 500 Park Blvd and Hamilton Lakes Business Park - 300 Park Blvd.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Hamilton Lakes Business Park - 150 Pierce Road | 150 Pierce Road, 60143 | 184,549 | 2002 |
| 900 North Arlington Heights Road | 900 North Arlington Heights Road, 60143 | 105,318 | 1994 |
| 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 |
| Hamilton Lakes Business Park - 500 Park Blvd | 500 Park Blvd, 60143 | 450,614 | 1980 |
| 1101 Thorndale Avenue | 1101 Thorndale Avenue, 60143 | 32,937 | 1980 |
| 125 N Prospect Ave | 125 N Prospect Ave, 60143 | 13,600 | 1977 |
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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.