Highlights
- The average rent for office space in Park Ridge is $17.38 per square foot, 0.15% higher compared to the previous year.
- The market’s vacancy rate stands at 40.26%, higher than the state average of Illinois, which is 24.54%.
2025 Office Space Rent & Sales
- $17.38 2025 Avg. Asking Rent
- 0.15% Y-o-Y Avg. Asking Rent Change
- 40.26% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Park Ridge?
Average asking rents for office space here stand at $17.38 per square foot. The local office market recorded an average vacancy rate of 40.26% in 2025, unchanged from 40.26% in 2024.
Park Ridge, 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.
What are the largest recent office completions in Park Ridge?
The largest recent office completion here is Renaissance Office Park at 213,996 square feet, completed in 1972. The next largest completions are 1460 Renaissance Drive and 1550 Northwest Highway.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 1300 Higgins Rd - O'Hare Corporate Centre | 1300 West Higgins Road, 60068 | 95,635 | 1988 |
| 1550 Northwest Highway | 1550 Northwest Highway, 60068 | 117,058 | 1978 |
| 422 N Northwest Highway | 422 N Northwest Highway, 60068 | 23,415 | 1975 |
| 2454 East Dempster Street | 2454 East Dempster Street, 60016 | 75,596 | 1973 |
| Renaissance Office Park | 1550 North Northwest Hwy, 60068 | 213,996 | 1972 |
| 1460 Renaissance Drive | 1460 Renaissance Drive, 60068 | 213,996 | 1972 |
| 1480 Renaissance Drive | 1480 Renaissance Drive, 60068 | 62,032 | 1970 |
| Park Ridge Office Center | 1400 Renaissanace Dr., 60068 | 60,780 | 1970 |
| 1580 Northwest Hwy | 1580 Northwest Hwy, 60068 | 55,772 | 1970 |
| Uptown Park Ridge Office & Retail | 5 South Prospect, 60068 | 41,819 | 1928 |
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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.