2024 Office Space Rent & Sales
- $28.96 2024 Avg. Asking Rent
- -3.86% Y-o-Y Avg. Asking Rent Change
- 22.60% 2024 Office Vacancy Rate
Oak Brook office price per square foot in 2024 was $28.96 on average. This marked a -3.86% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 22.60% 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
Oak Brook, IL Office Asking Rents by Class
Office Spaces for Rent in Illinois
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2024 Office Construction in Oak Brook, IL
- Oak Brook, IL Total SF completed in 2024 80,000
During 2024, 80,000 square feet of new office space were delivered across the market. At the close of 2024, the Oak Brook office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 80,000 square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Oak Brook Pointe | 700 Commerce Drive, 60523 | 294,097 | 2000 |
| 1400 16th St | 1400 16th St, 60523 | 70,000 | 1991 |
| Commerce Office Building | 814 Commerce Drive, 60523 | 173,017 | 1990 |
| 701 Harger Rd | 701 Harger Rd, 60523 | 63,345 | 1986 |
| The Crossings | 1420 Kensington Road, 60523 | 304,510 | 1985 |
| 1550 Spring Road | 1550 Spring Road, 60523 | 23,997 | 1984 |
| One Oakbrook Terrace | 18W200 22nd Street, 60181 | 161,373 | 1983 |
| Hamburger University | 2715 Jorie Blvd, 60523 | 111,306 | 1983 |
| 2100 Swift Drive | 2100 Swift Drive, 60523 | 58,010 | 1983 |
| 2100 Swift Drive | 2100 Swift Drive, 60523 | 58,010 | 1983 |
Worth noting among recent office completions on the Oak Brook market is Oak Brook Pointe, which is currently the largest new office development in the city, at 294,097 square feet.
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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 CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Oak Brook 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.