2020 Office Space Rent & Sales
- $19.44 2020 Avg. Asking Rent
- 16.74% 2020 Office Vacancy Rate
Tinley Park office price per square foot in 2020 was $19.44 on average. The local office market recorded an average vacancy rate of 16.74% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Tinley Park Class B Office Space$19.44
- Illinois Class A Office Space$34.92
- Illinois Class B Office Space$24.53
- Illinois Class C Office Space$18.73
Tinley Park, IL Office Asking Rents by Class
2020 Office Construction in Tinley Park, IL
- Tinley Park, IL Total SF completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Tinley Park office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Panduit Corporation World Headquarters | 18900 Panduit Drive, 60487 | 280,000 | 2010 |
| 17333 South LaGrange Road | 17333 South LaGrange Road, 60487 | 50,000 | 2010 |
| 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 |
| 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 |
| 8151 183rd Street | 8151 183rd Street, 60487 | 51,023 | 2001 |
| Tinley Crossing - 18410 Crossing Drive | 18410 Crossing Drive, 60487 | 49,418 | 2001 |
Worth noting among recent office completions on the Tinley Park market is Panduit Corporation World Headquarters, which is currently the largest new office development in the city, at 280,000 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 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.