Office Rental Market
- $22.44 2019 Avg. Asking Rent
- 14.62 % 2019 Avg. Vacancy Rate
- 0 2019 Office Completions (Sqft)
- 0 2020 Estimated Pipeline (Sqft)
Average Office Asking Rents by Class
2019 Average Office Rent per Square Foot
- Naperville Class A Office Buildings$19.79
- Naperville Class B Office Buildings$23.78
- Naperville Class C Office Buildings$18.97
- IL Class A Office Buildings$35.57
- IL Class B Office Buildings$24.29
- IL Class C Office Buildings$18.50
Naperville, IL Office Asking Rents by Class
Office asking rents vary across the Naperville office market depending on several factors, one of which is property class. While rents for Class A office buildings in Naperville averaged $19.79 per square foot in 2019, Class B office properties garnered average rental rates of $23.78 per square foot. Rental rates for Class C office property in Naperville averaged $18.97 per square foot. On a statewide level, Class B office space rents averaged $24.29 per square foot, while rents for Class A office space across Illinois averaged $35.57 per square foot. On average, Class C office properties in Illinois commanded rents of $18.50 per square foot.
OFFICE CONSTRUCTION IN Naperville, IL
- Naperville, IL Total Sqft completed in 2019 0
- Naperville, IL Total Sqft under construction in 2020 0
Building name | Address | Total Sqft | Year built |
---|---|---|---|
Lucent Naperville Campus - 2000 Lucent Lane | 2000 Lucent Lane, 60563 | 877,683 | 1974 |
1415 West Diehl Road | 1415 West Diehl Road, 60563 | 819,513 | 2001 |
Lucent Naperville Campus - 1960 Lucent Lane | 1960 Lucent Lane, 60563 | 516,000 | 2000 |
The Shuman | 263 Shuman Blvd, 60563 | 354,000 | 1987 |
1200 East Warrenville Road | 1200 East Warrenville Road, 60563 | 329,770 | 1981 |
Naperville Woods Office Center - 1000 East Warrenville Road | 1000 East Warrenville Road, 60563 | 270,029 | 1988 |
Main Street Promenade | 55 South Main Street, 60566 | 230,000 | 2003 |
Naperville Woods Office Center - 1100 East Warrenville Road | 1100 East Warrenville Road, 60563 | 220,236 | 1981 |
1844 Ferry Road | 1844 Ferry Road, 60563 | 213,443 | 1992 |
CityGate Centre - 2135 CityGate Lane | 2135 CityGate Lane, 60563 | 211,000 | 2007 |
Office building | Address | Sqft | Completed |
---|---|---|---|
1203 East Warrenville Road | 1203 East Warrenville Road, 60563 | 120,000 | 2015 |
iMed Campus | 1331 West 75th Street, 60540 | 72,141 | 2015 |
111 Shuman Blvd | 111 Shuman Blvd, 60563 | 85,643 | 2010 |
Riverwoods Office Campus - Buildings B, C, D & E | 620 North River Road, 60563 | 49,370 | 2008 |
Danada Professional Center | 2323 Naperville Road, 60563 | 43,000 | 2008 |
CityGate Centre - 2135 CityGate Lane | 2135 CityGate Lane, 60563 | 211,000 | 2007 |
Cantera Office Condominium | 4200 Cantera Drive, 60555 | 69,230 | 2007 |
2244 95th Street | 2244 95th Street, 60564 | 58,771 | 2006 |
Naperville Medical Office Building | 808 Rickert Drive, 60540 | 47,635 | 2006 |
CityGate Centre - 2020 Calamos Court | 2020 Calamos Court, 60563 | 180,000 | 2005 |
Office Spaces for Rent in Illinois
NAPERVILLE OFFICE SALES TRENDS
- $148.952019 Avg. Price per Sqft
- -8.09 %Y-o-Y Avg. PpSF Change
- $71.5M2019 Office Sales Volume
- 72019 Number of Transactions
In 2019, office sales in Naperville averaged $148.95 per square foot. This marked a -8.09 % decrease in office price per square foot, compared to the previous year. A total of 7 office sales closed on the Naperville office market in 2019, amounting to a total sales volume of $71.5M.
Average Office Sale Price per Sqft
Naperville, IL Sales Trends
- Naperville Price per Sqft$148.95
- Illinois Price per Sqft$181.46
Office Sales - Trend and Volume
- Naperville, IL Total Office Sales Volume in 2019 $71.5M
- Naperville, IL Total Number of Office Sales Closed in 2019 7
Largest Naperville Office Sales in 2019
Property name | Address | Date | Price |
---|---|---|---|
Washington Pointe | 535 East Diehl Road | 3/22/2019 | $23,670,000 |
2940 Rollingridge Road | 2940 Rollingridge Road | 1/25/2019 | $12,950,000 |
1717 Park Street | 1717 Park Street | 6/20/2019 | $10,600,000 |
Naperville Medical Center | 640 South Washington Street | 4/4/2019 | $9,250,000 |
1811 & 1815 West Diehl Road | 1811 West Diehl Road | 7/11/2019 | $3,500,000 |
See trends for nearby markets
The Naperville office market contains an inventory of 9,265,725 square feet of office space, in 115 buildings that are equal to or larger than 25,000 square feet.
This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all Naperville 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.