2023 Office Space Rent & Sales
- $28.89 2023 Avg. Asking Rent
- -1.52% Y-o-Y Avg. Asking Rent Change
- 31.16% 2023 Office Vacancy Rate
Oakbrook Terrace office price per square foot in 2023 was $28.89 on average. This marked a -1.52% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 31.16% across all asset classes combined.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Oakbrook Terrace Class A & A+ Office Space$30.04
- Oakbrook Terrace Class B Office Space$26.17
- Illinois Class A & A+ Office Space$33.01
- Illinois Class B Office Space$25.97
- Illinois Class C Office Space$28.31
Oakbrook Terrace, IL Office Asking Rents by Class
Coworking Spaces in Illinois
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Office building | Address | SF | Completed |
---|---|---|---|
One Parkview Plaza | 17W110 22nd Street, 60181 | 263,912 | 1993 |
Oakbrook Terrace Tower | 1 Tower Lane, 60181 | 792,192 | 1987 |
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 |
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 |
Mid America Plaza | 1 & 2 Mid America Plaza, 60181 | 414,442 | 1985 |
Mid America Plaza | 1 Mid America Plaza, 60181 | 207,221 | 1985 |
2 Transam Plaza Dr | 2 Transam Plaza Dr, 60181 | 124,165 | 1985 |
Worth noting among recent office completions on the Oakbrook Terrace market is One Parkview Plaza, which is currently the largest new office development in the city, at 263,912 square feet.
See reports for other markets
- Chicago Office Rent Price
- Naperville Office Rent Price
- Schaumburg Office Rent Price
- Des Plaines Office Rent Price
- Arlington Heights Office Rent Price
- Northbrook Office Rent Price
- Oak Brook Office Rent Price
- San Diego Office Rent Price
- Los Angeles Office Rent Price
- Charlotte Office Rent Price
- Dallas Office Rent Price
- Washington Office Rent Price
- San Francisco Office Rent Price
- Denver Office Rent Price
- Houston Office Rent Price
- Miami Office Rent Price
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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. 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.