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
Coworking Spaces in Illinois
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| 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.
See reports for other markets
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- Naperville Office Rent Price
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- Austin Office Rent Price
- Atlanta Office Rent Price
- Denver Office Rent Price
- Houston Office Rent Price
- Miami Office Rent Price
- Phoenix Office Rent Price
- Dallas Office Rent Price
- San Francisco Office Rent Price
- 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.