2020 Office Space Rent & Sales
- $21.20 2020 Avg. Asking Rent
- 21.28 % 2020 Office Vacancy Rate
Fairview Heights office price per square foot in 2020 was $21.20 on average. The local office market recorded an average vacancy rate of 21.28 % across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Fairview Heights Class B Office Space$22.58
- Fairview Heights Class C Office Space$15.51
- Illinois Class A Office Space$34.92
- Illinois Class B Office Space$24.53
- Illinois Class C Office Space$18.73
Fairview Heights, IL Office Asking Rents by Class
2020 Office Construction in Fairview Heights, IL
- Fairview Heights, IL Total Sqft completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Fairview Heights office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
|303 Fountains Pkwy||303 Fountains Pkwy, 62208||26,711||2005|
|Corporate Center II||16 Executive Drive, 62208||51,063||2001|
|Corporate Centre I||9 Executive Drive, 62208||45,378||1990|
|Business Center II||13 Executive Drive, 62208||41,593||1990|
|Business Center III||11 Executive Drive, 62208||34,487||1990|
|Fairview Executive Plaza III||8 Executive Drive, 62208||45,117||1988|
|Fairview Executive Plaza II||331 Salem Place, 62208||31,121||1986|
|Business Center I||15 Executive Drive, 62208||28,624||1986|
|Fairview Executive Plaza I||333 Salem Place, 62208||30,492||1984|
|Market Center Office Building||141 Market Place, 62208||45,792||1980|
Worth noting among recent office completions on the Fairview Heights market is 303 Fountains Pkwy, which is currently the largest new office development in the city, at 26,711 square feet.
See reports for nearby markets
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 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Fairview Heights 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.