2024 Office Space Rent & Sales
- $32.20 2024 Avg. Asking Rent
- 17.39% 2024 Office Vacancy Rate
Joliet office price per square foot in 2024 was $32.20 on average. The local office market recorded an average vacancy rate of 17.39% 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
Joliet, IL Office Asking Rents by Class
Office Spaces for Rent in Illinois
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2024 Office Construction in Joliet, IL
| Office building | Address | SF | Completed |
|---|---|---|---|
| Joliet Professional Offices | 3601 Mcdonough St, 60431 | 7,700 | 2010 |
| Madison Medical Plaza | 301 N Madison St, 60435 | 70,023 | 2007 |
| Joliet Professional Suites | 3180 Theodore Street, 60435 | 19,824 | 2006 |
| S. Ottawa Properties | 331 South Ottawa Street, 60436 | 17,220 | 2003 |
| 350 Houbolt Road | 350 Houbolt Road, 60431 | 20,000 | 1996 |
| Glenwood Building | 2400 Glenwood Avenue, 60435 | 44,300 | 1990 |
| Larkin Professional Centre | 801 North Larkin Avenue, 60435 | 43,194 | 1985 |
| Maddison Professional Building | 330 Madison Street, 60435 | 28,455 | 1980 |
| 2439 Glenwood Avenue | 2439 Glenwood Avenue, 60435 | 9,410 | 1980 |
| 2201 Glenwood Avenue | 2201 Glenwood Avenue, 60435 | 21,000 | 1975 |
Worth noting among recent office completions on the Joliet market is Joliet Professional Offices, which is currently the largest new office development in the city, at 7,700 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 Joliet 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.