Joliet Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Joliet is $21.32 per square foot, 33.79% lower compared to the previous year.
  • The average sale price for office space in Joliet is $316.08 per square foot, marking an increase of 1,943.98% compared to 2024.
  • The market’s vacancy rate stands at 18.97%, lower than the state average of Illinois, which is 24.54%.

2025 Office Space Rent & Sales

  • $21.32 2025 Avg. Asking Rent
  • -33.79% Y-o-Y Avg. Asking Rent Change
  • 18.97% 2025 Office Vacancy Rate
  • $30.5M2025 Total Office Sales
  • $316.08Avg. Sale Price/SF

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

Average asking rents for office space here stand at $21.32 per square foot. The local office market recorded an average vacancy rate of 18.97% in 2025, unchanged from 18.97% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $30.5M across 3 sales. These transactions commanded an average sale price per square foot of $316.08.

Joliet, 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.

Explore Top Office Markets in Illinois

2025 Office Sales Volume

  • $316.082025 Avg. Price per SF
  • $30.5M2025 Office Sales Volume
  • 32025 Number of Transactions

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

Average sale prices for office space in this market recorded a +1,943.98% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $316.08 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.

Joliet, IL Sale Price per SF Trend

  • Joliet Avg. Sale Price per SF in 2025$316.08
  • Illinois Avg. Sale Price per SF in 2025$63.61

What was the total office sales volume in Joliet in 2025?

The local office market recorded 3 deals in 2025, adding up to a yearly sales volume of $30.5M.

  • Joliet, IL Total Office Sales Volume in 2025 $30.5M
  • Joliet, IL Total Number of Office Sales Closed in 2025 3
Data provided by Yardi Research

Office Construction in Joliet, IL

What are the largest recent office completions in Joliet?

The largest recent office completion here is Madison Medical Plaza at 70,023 square feet, completed in 2007. The next largest completions are Glenwood Building and Larkin Professional Centre.

Office building Address SF Completed
Madison Medical Plaza 301 N Madison St, 60435 70,023 2007
Joliet Professional Suites 3180 Theodore Street, 60435 19,824 2006
2720 Caton Farm Rd 2720 Caton Farm Rd, 60435 6,280 2005
230 S Larkin Ave, Joliet, IL 230 South Larkin Avenue, 60436 7,200 2004
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
Madison Professional Building 330 North Madison Street, 60435 28,455 1981
2439 Glenwood Avenue 2439 Glenwood Avenue, 60435 9,410 1980
2435 Glenwood Ave 2435 Glenwood Ave, 60435 10,311 1979
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.