Buffalo Grove Office Market Trends

Office Rental Market

  • $21.62 2019 Avg. Asking Rent
  • 16.25 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Buffalo Grove was $21.62 per square foot, and the office vacancy rate across the market averaged 16.25 %. During 2019, developers added 0 square feet of new office space to the Buffalo Grove market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Buffalo Grove Class B Office Buildings$23.01
  • Buffalo Grove Class C Office Buildings$19.98
  • IL Class A Office Buildings$35.57
  • IL Class B Office Buildings$24.29
  • IL Class C Office Buildings$18.50

Buffalo Grove, IL Office Asking Rents by Class

OFFICE CONSTRUCTION IN Buffalo Grove, IL

  • Buffalo Grove, IL Total Sqft completed in 2019 0
  • Buffalo Grove, IL Total Sqft under construction in 2020 0
10 Largest Office Buildings in Buffalo Grove
Building name Address Total Sqft Year built
Riverwalk II 2100 East Lake Cook Road, 60089 258,995 1998
Riverwalk I 2150 East Lake Cook Road, 60089 253,363 1990
Millbrook Business Center - 2400 Millbrook Drive 2400 Millbrook Drive, 60089 141,000 2002
Millbrook Business Center - 485 East Half Day Road 485 East Half Day Road, 60089 133,267 2001
887 Deerfield Pkwy 887 Deerfield Pkwy, 60089 105,106 1989
Buffalo Grove Business Park - 1110-1120 Lake Cook Road 1110 Lake Cook Road, 60089 98,110 1983
Commerce Plaza of Buffalo Grove 700 East Lake Cook Road, 60089 98,105 1988
Buffalo Grove Business Park - 1100 Lake Cook Road 1100 Lake Cook Road, 60089 96,731 1988
Millbrook Business Center - 2200 Millbrook Drive 2200 Millbrook Drive, 60089 95,200 2004
Buffalo Grove Business Park - 750 Lake Cook Road 750 Lake Cook Road, 60089 95,025 1989
Largest Office Properties Recently Completed in Buffalo Grove
Office building Address Sqft Completed
Northwest Community Healthcare Building SEC Illinois Route 83 and Lake Cook Road, 60089 70,600 2021
1450 Busch Pkwy 1450 Busch Pkwy, 60089 64,860 2009
Millbrook Business Center - 2200 Millbrook Drive 2200 Millbrook Drive, 60089 95,200 2004
Waterford Pointe Professional Centre of Buffalo Grove 1401 McHenry Road, 60089 46,561 2003
Millbrook Business Center - 2400 Millbrook Drive 2400 Millbrook Drive, 60089 141,000 2002
Millbrook Business Center - 485 East Half Day Road 485 East Half Day Road, 60089 133,267 2001
975 Weiland Road 975 Weiland Road, 60089 48,186 2000
1001 Johnson Drive 1001 Johnson Drive, 60089 30,838 2000
600 North Buffalo Grove Road 600 North Buffalo Grove Road, 60089 72,603 1998
Riverwalk I 2150 East Lake Cook Road, 60089 253,363 1990
Data provided by Commercial Edge

Office Spaces for Rent in Illinois

See trends for nearby markets

The Buffalo Grove office market contains an inventory of 2,067,800 square feet of office space, in 27 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all Buffalo Grove 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.