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.
| 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.
See reports for nearby markets
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.