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Lincolnshire Office Rent Price & Sales Report

2020 Office Space Rent & Sales

  • $24.49 2020 Avg. Asking Rent
  • 4.92% Y-o-Y Avg. Asking Rent Change
  • 29.57% 2020 Office Vacancy Rate

Lincolnshire office price per square foot in 2020 was $24.49 on average. This marked a +4.92% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 29.57% across all asset classes combined.

Average Rent by Office Class

2020 Average Office Rent per Square Foot

  • Lincolnshire Class A Office Space$27.82
  • Lincolnshire Class B Office Space$24.44
  • Illinois Class A Office Space$34.92
  • Illinois Class B Office Space$24.53
  • Illinois Class C Office Space$18.73

Lincolnshire, IL Office Asking Rents by Class

2020 Office Construction in Lincolnshire, IL

  • Lincolnshire, IL Total SF completed in 2020

During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Lincolnshire office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.

Largest Office Properties Recently Completed in Lincolnshire
Office building Address SF Completed
Sysmex Corporate Center 577 West Aptakisic Road, 60069 162,739 2010
680 Barclay Blvd 680 Barclay Blvd, 60069 25,229 2006
Village Green of Lincolnshire - Building 100 100 Village Green Drive, 60069 30,868 2002
Millbrook Business Center - 2000 Millbrook Drive 2000 Millbrook Drive, 60069 50,508 2001
4 Overlook Point 4 Overlook Point, 60069 818,686 1998
Lincolnshire Corporate Center - 300 Tower Pkwy 300 Tower Pkwy, 60069 175,545 1993
Lincolnshire Corporate Center - 3 Overlook Point 3 Overlook Point, 60069 283,257 1991
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
Lincolnshire Corporate Center - 1 Overlook Point 1 Overlook Point, 60069 206,626 1988

Worth noting among recent office completions on the Lincolnshire market is Sysmex Corporate Center, which is currently the largest new office development in the city, at 162,739 square feet.

Data provided by Commercial Edge

See reports for nearby markets

  • Chicago Office Rent Price
  • Naperville Office Rent Price
  • Schaumburg Office Rent Price
  • Deerfield Office Rent Price
  • Arlington Heights Office Rent Price
  • Northbrook Office Rent Price
  • Downers Grove Office Rent Price
  • Buffalo Grove 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 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. 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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