Lombard Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $24.77 2024 Avg. Asking Rent
  • 22.25% 2024 Office Vacancy Rate

Lombard office price per square foot in 2024 was $24.77 on average. The local office market recorded an average vacancy rate of 22.25% 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

Lombard, IL Office Asking Rents by Class

2024 Office Vacancy Rates in Lombard

Submarket Asking Rents Vacancy Rates
Eastern East-West Corridor $28.39 21.72%
Itasca $25.21 19.01%
Western East-West Corridor $23.82 24.78%
Data provided by Yardi Research
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Lombard market was 22.25% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Lombard was 19.01% in the Itasca submarket, while the highest office vacancy in the market was 24.78%, recorded in Western East-West Corridor.

Office Spaces for Rent in Illinois

Coworking Spaces in Illinois

Largest Office Properties Recently Completed in Lombard
Office building Address SF Completed
720 Butterfield Centre 720 E Butterfield, 60148 125,719 1991
Woodlake Avalair 800 Parkview Blvd, 60148 191,540 1990
High Point Centre - 401-491 East Roosevelt Road 401 East Roosevelt Road, 60148 143,715 1987
1910 S Highland Ave 1910 S Highland Ave, 60148 52,564 1987
Highland Pointe II 377 Butterfield Road, 60148 187,620 1986
555 Waters Edge Lane 555 Waters Edge Lane, 60148 29,120 1986
Highland Pointe I 333 Butterfield Road, 60148 188,951 1985
One Imperial Place 1 East 22nd Street, 60148 175,000 1985
700 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 720 Butterfield Centre, which is currently the largest new office development in the city, at 125,719 square feet.

Data provided by Yardi Research

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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 Yardi Research Data, 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 Yardi Research Data can guarantee that the information provided is complete.