2022 Office Space Rent & Sales
- $25.09 2022 Avg. Asking Rent
- 28.68% 2022 Office Vacancy Rate
Lombard office price per square foot in 2022 was $25.09 on average. The local office market recorded an average vacancy rate of 28.68% across all asset classes combined.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Lombard Class A & A+ Office Space$28.96
- Lombard Class B Office Space$23.08
- Lombard Class C Office Space$20.99
- Illinois Class A & A+ Office Space$34.19
- Illinois Class B Office Space$25.31
- Illinois Class C Office Space$19.07
Lombard, IL Office Asking Rents by Class
Average office rent in Lombard rested at $25.09 per square foot in 2022. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Lombard averaged $28.96 per square foot. Across all submarkets, class B office space recorded an average asking rent of $23.08 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $20.99 per square foot, on average. Comparably, statewide Illinois average office rents by class in 2022 were: $34.19 per square foot for class A office space; $25.31 per square foot for class B office space; $19.07 per square foot for class C office space.
2022 Office Vacancy Rates in Lombard
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Eastern East-West Corridor | $28.33 | 20.35% |
Western East-West Corridor | $22.50 | 25.50% |
Itasca | $21.35 | 23.41% |
Coworking Spaces in Illinois
- Chicago Coworking Space
- Nashville Coworking Space
- Charlotte Coworking Space
- Indianapolis Coworking Space
- Columbus Coworking Space
- Cincinnati Coworking Space
- Raleigh Coworking Space
- Kansas City Coworking Space
- Alexandria Coworking Space
- Alexandria Coworking Space
- Detroit Coworking Space
- St. Louis Coworking Space
- Durham Coworking Space
- Louisville Coworking Space
- Memphis Coworking Space
- Milwaukee Coworking Space
- Cleveland Coworking Space
- Omaha Coworking Space
- Grand Rapids Coworking Space
- Omaha Coworking Space
- Ann Arbor Coworking Space
- Grand Rapids Coworking Space
- Ann Arbor Coworking Space
- Chattanooga Coworking Space
- Madison Coworking Space
Office building | Address | SF | Completed |
---|---|---|---|
101 W 22nd St. | 101 W 22nd St., 60148 | 40,170 | 2004 |
Heron Point | 665 West North Avenue, 60148 | 106,291 | 2002 |
998 N. Lombard Rd. | 998 N. Lombard Rd., 60148 | 10,000 | 1995 |
Butterfield Centre | 720 E Butterfield, 60148 | 125,719 | 1991 |
Highland Pointe II | 377 Butterfield Road, 60148 | 187,620 | 1986 |
Highland Pointe I | 333 Butterfield Road, 60148 | 188,951 | 1985 |
Highland Pointe | 333 East Butterfield Road, 60148 | 183,592 | 1985 |
Greenbrook Executive Center | 100 West 22nd Street, 60148 | 138,840 | 1985 |
Butterfield Centre | 700 E Butterfield, 60148 | 211,528 | 1984 |
450 East 22nd Street | 450 East 22nd Street, 60148 | 68,388 | 1984 |
Worth noting among recent office completions on the Lombard market is 101 W 22nd St., which is currently the largest new office development in the city, at 40,170 square feet.
See reports for other markets
- Chicago Office Rent Price
- Naperville Office Rent Price
- Schaumburg Office Rent Price
- Des Plaines Office Rent Price
- Arlington Heights Office Rent Price
- Aurora Office Rent Price
- New York City Office Rent Price
- Phoenix Office Rent Price
- San Diego Office Rent Price
- Austin Office Rent Price
- San Francisco Office Rent Price
- Houston Office Rent Price
- Seattle Office Rent Price
- Dallas Office Rent Price
- San Antonio Office Rent Price
- Atlanta 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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Lombard 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.