Highlights
- The average rent for office space in Buffalo Grove is $23.83 per square foot, 3.59% lower compared to the previous year.
- The market’s vacancy rate stands at 41.35%, higher than the state average of Illinois, which is 24.54%.
2025 Office Space Rent & Sales
- $23.83 2025 Avg. Asking Rent
- -3.59% Y-o-Y Avg. Asking Rent Change
- 41.35% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Buffalo Grove?
Average asking rents for office space here stand at $23.83 per square foot. The local office market recorded an average vacancy rate of 41.35% in 2025, unchanged from 41.35% in 2024.
Buffalo Grove, 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.
Buffalo Grove, IL Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| North Shore - South | $31.08 | 23.86% |
| North Shore - North | $23.68 | 33.32% |
Office Construction in Buffalo Grove, IL
What are the largest recent office completions in Buffalo Grove?
The largest recent office completion here is Riverwalk II at 258,995 square feet, completed in 1998. The next largest completions are Riverwalk II and Riverwalk I.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Millbrook Business Center - 485 East Half Day Road | 485 East Half Day Road, 60089 | 133,267 | 2001 |
| Riverwalk II | 2100 East Lake Cook Road, 60089 | 258,995 | 1998 |
| Riverwalk II | 2100 East Lake Cook Road, 60089 | 258,995 | 1998 |
| 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 |
| Chevy Chase Business Park East - 1400 East Lake Cook Road | 1400 East Lake Cook Road, 60089 | 39,133 | 1990 |
| Buffalo Grove Business Park - 750 Lake Cook Road | 750 Lake Cook Road, 60089 | 95,025 | 1989 |
| Buffalo Grove Business Park - 1100 Lake Cook Road | 1100 Lake Cook Road, 60089 | 96,731 | 1988 |
| Lexington Point | 100 Lexington Dr, 60089 | 23,572 | 1987 |
| Buffalo Grove Business Park - 1130 Lake Cook Road | 1130 Lake Cook Road, 60089 | 66,842 | 1986 |
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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.