Palatine Office Market Trends

Office Rental Market

  • $19.78 2019 Avg. Asking Rent
  • 0.00 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Palatine was $19.78 per square foot, and the office vacancy rate across the market averaged 0.00 %. During 2019, developers added 0 square feet of new office space to the Palatine market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Palatine Class A Office Buildings$26.27
  • Palatine Class B Office Buildings$18.98
  • IL Class A Office Buildings$35.57
  • IL Class B Office Buildings$24.29
  • IL Class C Office Buildings$18.50

Palatine, IL Office Asking Rents by Class

OFFICE CONSTRUCTION IN Palatine, IL

  • Palatine, IL Total Sqft completed in 2019 0
  • Palatine, IL Total Sqft under construction in 2020 0
10 Largest Office Buildings in Palatine
Building name Address Total Sqft Year built
Weber-Stephen Products Headquarters 1415 South Roselle Road, 60067 154,706 1979
800 East Northwest Hwy 800 East Northwest Hwy, 60074 136,603 1973
Gateway Center 220 North Smith Street, 60067 101,827 2002
Salt Creek Office Center - 2000-2060 East Algonquin Road 2000 East Algonquin Road, 60173 100,892 1981
Countryside Office Park 1210 West Northwest Hwy, 60067 92,873 1978
Kennedy Corporate Center & Point of Palatine 1530 East Dundee Road, 60074 79,391 1985
50 North Brockway Street 50 North Brockway Street, 60067 41,343 1972
Hummel Building 110 North Brockway Street, 60067 40,000 2004
The Office Park of Palatine - 675 North North Court 675 North North Court, 60067 34,600 1985
The Office Park of Palatine - 600 & 616 North North Court 600 North North Court, 60067 34,469 1975
Largest Office Properties Recently Completed in Palatine
Office building Address Sqft Completed
Hummel Building 110 North Brockway Street, 60067 40,000 2004
Gateway Center 220 North Smith Street, 60067 101,827 2002
Kennedy Corporate Center & Point of Palatine 1530 East Dundee Road, 60074 79,391 1985
The Office Park of Palatine - 675 North North Court 675 North North Court, 60067 34,600 1985
Salt Creek Office Center - 2000-2060 East Algonquin Road 2000 East Algonquin Road, 60173 100,892 1981
Weber-Stephen Products Headquarters 1415 South Roselle Road, 60067 154,706 1979
Countryside Office Park 1210 West Northwest Hwy, 60067 92,873 1978
The Office Park of Palatine - 625 North North Court 625 North North Court, 60067 25,474 1977
The Office Park of Palatine - 600 & 616 North North Court 600 North North Court, 60067 34,469 1975
800 East Northwest Hwy 800 East Northwest Hwy, 60074 136,603 1973
Data provided by Commercial Edge

Office Spaces for Rent in Illinois

See trends for nearby markets

The Palatine office market contains an inventory of 741,286 square feet of office space, in 12 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 Palatine 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.