Highlights
- The average rent for office space in Northbrook is $27.68 per square foot, 2.24% lower compared to the previous year.
- The market’s vacancy rate stands at 13.08%, lower than the state average of Illinois, which is 24.54%.
2025 Office Space Rent & Sales
- $27.68 2025 Avg. Asking Rent
- -2.24% Y-o-Y Avg. Asking Rent Change
- 13.08% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Northbrook?
Average asking rents for office space here stand at $27.68 per square foot. The local office market recorded an average vacancy rate of 13.08% in 2025, unchanged from 13.08% in 2024.
Northbrook, IL Office Asking Rents by Class
What is the average office rent per square foot by property class in IL?
- Avg. Asking Rent Class A & A+$34.01
- Avg. Asking Rent Class B$25.49
- Avg. Asking Rent Class C$22.85
For comparison, the average rent for Class A and A+ office space in Illinois was $34.01 per square foot. The state-wide average for Class B space was $25.49 per square foot, and Class C office spaces averaged $22.85 per square foot.
Northbrook, IL Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| North Shore - South | $31.08 | 23.86% |
| North Shore - North | $23.68 | 33.32% |
What are the largest recent office completions in Northbrook?
The largest recent office completion here is Edens Corporate Center at 187,509 square feet, completed in 1988. The next largest completions are Corporate Center of Northbrook - 1033 Skokie Blvd and Corporate Center of Northbrook - 1101 Skokie Blvd.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Northbrook Executive Suites | 1363 Shermer Road, 60062 | 31,500 | 2006 |
| Corporate Center of Northbrook - 1033 Skokie Blvd | 1033 Skokie Blvd, 60062 | 128,670 | 2001 |
| Corporate Center of Northbrook - 1101 Skokie Blvd | 1101 Skokie Blvd, 60062 | 127,670 | 2000 |
| The Busey Bank Northbrook Branch | 1707 Shermer Road, 60062 | 40,000 | 1995 |
| 555 Huehl Road | 555 Huehl Road, 60062 | 78,483 | 1992 |
| 111 Pfingsten Rd | 111 Pfingsten Rd, 60062 | 127,316 | 1990 |
| 4201 Lake Cook Rd | 4201 Lake Cook Rd, 60062 | 66,773 | 1989 |
| Edens Corporate Center | 630-650 Dundee Road , 60062 | 187,509 | 1988 |
| Boulevard 40 | 40 Skokie Blvd, 60062 | 105,972 | 1987 |
| 60 Revere Drive | 60 Revere Drive, 60062 | 122,219 | 1986 |
See reports for other markets
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- Downers Grove Office Rent Price
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- Joliet Office Rent Price
- Skokie Office Rent Price
- Evanston Office Rent Price
- Lombard Office Rent Price
Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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.