2024 Office Space Rent & Sales
- $31.43 2024 Avg. Asking Rent
- 4.81% Y-o-Y Avg. Asking Rent Change
- 19.35% 2024 Office Vacancy Rate
Oakbrook Terrace office price per square foot in 2024 was $31.43 on average. This marked a +4.81% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 19.35% 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
Oakbrook Terrace, IL Office Asking Rents by Class
Office Spaces for Rent in Illinois
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| Office building | Address | SF | Completed |
|---|---|---|---|
| One TransAm Plaza | One TransAm Plaza, 60181 | 118,412 | 2007 |
| One Parkview Plaza | 17W110 22nd Street, 60181 | 263,912 | 1993 |
| Oakbrook Terrace Tower | 1 Tower Lane, 60181 | 792,192 | 1987 |
| One Lincoln Centre | 18W140 Butterfield Road, 60181 | 307,370 | 1987 |
| Oakbrook Terrace Atrium | 17W220 22nd Street, 60181 | 56,414 | 1987 |
| 1S660 Midwest Road | 1S660 Midwest Road, 60181 | 50,000 | 1987 |
| Oakbrook Terrace Corporate Center I | 1901 South Meyers Road, 60181 | 325,116 | 1986 |
| Oakbrook Terrace Medical Center | 1 S 224 Summit Avenue, 60181 | 49,507 | 1986 |
| Two TransAm Plaza | 2 TransAm Plaza, 60181 | 117,717 | 1985 |
| Oakbrook Terrace Business Center | 17W703 Butterfield Road, 60181 | 55,928 | 1981 |
Worth noting among recent office completions on the Oakbrook Terrace market is One TransAm Plaza, which is currently the largest new office development in the city, at 118,412 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 Oakbrook Terrace 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.