2025 Office Space Rent & Sales
- $24.37 2025 Avg. Asking Rent
- 19.27% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Highland Park?
Average asking rents for office space here stand at $24.37 per square foot. The local office market recorded an average vacancy rate of 19.27% in 2025, unchanged from 19.27% in 2024.
Highland Park, 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.
What are the largest recent office completions in Highland Park?
The largest recent office completion here is BTS Medical or Executive Offices | Highland Park Professional Centre at 31,631 square feet, completed in 1947. The next largest completions are 1910 First St, Highland Park, IL and 3500 Western Ave.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 1725 N McGovern | 1725 N McGovern, 60035 | 18,366 | 2005 |
| 1910 First St, Highland Park, IL | 1910 First Street, 60035 | 28,000 | 1990 |
| 1788 2nd St | 1788 2nd St, 60035 | 6,200 | 1986 |
| 3500 Western Ave | 3500 Western Ave, 60035 | 22,293 | 1982 |
| 210 Skokie Hwy | 210 Skokie Valley Road, 60035 | 17,500 | 1960 |
| 210 Skokie Valley Road | 210 Skokie Valley Road, 60035 | 17,500 | 1960 |
| 1899 2nd St | 1899 2nd St, 60035 | 14,372 | 1955 |
| HP Studio | 667 Central Ave, 60035 | 8,926 | 1955 |
| BTS Medical or Executive Offices | Highland Park Professional Centre | 1893 Sheridan Rd, 60035 | 31,631 | 1947 |
| 1866 Sheridan Rd, Highland Park, IL | 1866 Sheridan Rd, 60035 | 20,000 | 1930 |
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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.