Tinley Park Office Market Trends

Office Rental Market

  • $25.24 2019 Avg. Asking Rent
  • 7.11 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Tinley Park was $25.24 per square foot, and the office vacancy rate across the market averaged 7.11 %. During 2019, developers added 0 square feet of new office space to the Tinley Park 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

  • Tinley Park Class B Office Buildings$25.24
  • IL Class A Office Buildings$35.57
  • IL Class B Office Buildings$24.29
  • IL Class C Office Buildings$18.50

Tinley Park, IL Office Asking Rents by Class

OFFICE CONSTRUCTION IN Tinley Park, IL

  • Tinley Park, IL Total Sqft completed in 2019 0
  • Tinley Park, IL Total Sqft under construction in 2020 0
10 Largest Office Buildings in Tinley Park
Building name Address Total Sqft Year built
Panduit Corporation World Headquarters 18900 Panduit Drive, 60487 280,000 2010
Vernon Office and Technology Center - 7840, 18660-18670 Graphics Drive & 7851 158th Street 7840 Graphics Drive, 60477 107,246 2008
Estancia Executive Centre of Tinley Park 18312 West Creek Drive, 60477 101,400 1997
8101 183rd Street 8101 183rd Street, 60487 92,499 2002
Tinley Crossings Corporate Center - SouthPoint IV 8525 183rd Street, 60487 76,011 2006
Tinley Office Park 16325 Harlem Avenue, 60477 75,999 1989
17495 South LaGrange Road 17495 South LaGrange Road, 60487 71,000 2000
Tinley Crossings Corporate Center - 8505 West 183rd Street 8505 West 183rd Street, 60487 60,504 2003
Advocate Medical Campus Southwest 18210 South LaGrange Road, 60487 52,950 2003
8151 183rd Street 8151 183rd Street, 60487 51,023 2001
Largest Office Properties Recently Completed in Tinley Park
Office building Address Sqft Completed
Panduit Corporation World Headquarters 18900 Panduit Drive, 60487 280,000 2010
17333 South LaGrange Road 17333 South LaGrange Road, 60487 50,000 2010
Vernon Office and Technology Center - 7840, 18660-18670 Graphics Drive & 7851 158th Street 7840 Graphics Drive, 60477 107,246 2008
Tinley Crossings Corporate Center - SouthPoint IV 8525 183rd Street, 60487 76,011 2006
Vernon Building 18440 Thompson Court, 60477 38,000 2004
Tinley Crossings Corporate Center - 8505 West 183rd Street 8505 West 183rd Street, 60487 60,504 2003
Advocate Medical Campus Southwest 18210 South LaGrange Road, 60487 52,950 2003
8101 183rd Street 8101 183rd Street, 60487 92,499 2002
North Creek Executive Center 18501 Maple Creek Drive, 60477 38,013 2002
18601 North Creek Drive 18601 North Creek Drive, 60477 26,418 2002
Data provided by Commercial Edge

Office Spaces for Rent in Illinois

See trends for nearby markets

The Tinley Park office market contains an inventory of 1,327,254 square feet of office space, in 29 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 Tinley Park 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.