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Lincolnshire Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $26.75 2024 Avg. Asking Rent
  • 44.77% 2024 Office Vacancy Rate

Lincolnshire office price per square foot in 2024 was $26.75 on average. The local office market recorded an average vacancy rate of 44.77% 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

Lincolnshire, IL Office Asking Rents by Class

Office Spaces for Rent in Illinois

  • Champaign Office Space
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  • Bloomington Office Space

Coworking Spaces in Illinois

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Largest Office Properties Recently Completed in Lincolnshire
Office building Address SF Completed
440 North Milwaukee Avenue Building For Lease 440 North Milwaukee Avenue, 60061 10,000 2007
Eagle Test Systems BTS 2200 Millbrook Drive, 60089 95,210 2004
4 Overlook Point 4 Overlook Point, 60069 863,403 1998
Millbrook Business Center - 475 & 485 Half Day 475 Half Day Road, 60069 267,813 1998
Tri State Lincolnshire 25, 75, 100, 200 & 300 Tri State International , 60069 559,204 1989
Tri-State International Office Center - 75 Tri-State International 75 Tri-State International, 60069 104,865 1989
Tri-State International Office Center - 25 Tri-State International 25 Tri-State International, 60069 104,156 1989

Worth noting among recent office completions on the Lincolnshire market is 440 North Milwaukee Avenue Building For Lease, which is currently the largest new office development in the city, at 10,000 square feet.

Data provided by Commercial Edge

See reports for other markets

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  • San Diego Office Rent Price

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 Lincolnshire 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.


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