2023 Office Space Rent & Sales
- $22.70 2023 Avg. Asking Rent
- 12.19% 2023 Office Vacancy Rate
Aurora office price per square foot in 2023 was $22.70 on average. The local office market recorded an average vacancy rate of 12.19% across all asset classes combined.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Aurora Class A & A+ Office Space$26.85
- Aurora Class B Office Space$21.37
- Aurora Class C Office Space$18.95
- Illinois Class A & A+ Office Space$33.01
- Illinois Class B Office Space$25.97
- Illinois Class C Office Space$28.31
Aurora, IL Office Asking Rents by Class
Average office rent in Aurora rested at $22.70 per square foot in 2023. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Aurora averaged $26.85 per square foot. Across all submarkets, class B office space recorded an average asking rent of $21.37 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $18.95 per square foot, on average. Comparably, statewide Illinois average office rents by class in 2023 were: $33.01 per square foot for class A office space; $25.97 per square foot for class B office space; $28.31 per square foot for class C office space.
Coworking Spaces in Illinois
- Chicago Coworking Space
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- Madison Coworking Space
Office building | Address | SF | Completed |
---|---|---|---|
2621 Ginger Woods Parkway | 2621 Ginger Woods Parkway, 60502 | 15,000 | 2024 |
Ogden Professional Center | 2124 Ogden Ave, 60504 | 42,000 | 2009 |
1295 Butterfield Road | 1295 Butterfield Road, 60502 | 71,157 | 2007 |
140 S. River St, Suite 114 | 140 S. River St, Suite 114, 60506 | 1 | 2007 |
Two-Story Office Space for Lease | 2600 Beverly Dr, Unit 107 , 60502 | 4,500 | 2004 |
2280 White Oak Circle | 2280 White Oak Circle, 60502 | 46,000 | 2003 |
2088 Ogden Ave | 2088 Ogden Ave, 60504 | 41,961 | 2003 |
975 Meridian Lake Drive | 975 Meridian Lake Drive, 60504 | 74,300 | 2000 |
2000 W Galena Blvd - Western East/West Corr Submarket - Office | 2000 West Galena Blvd, 60506 | 45,000 | 1990 |
Fox Valley Executive Center | 75 Executive Drive, 60504 | 107,087 | 1983 |
Worth noting among recent office completions on the Aurora market is 2621 Ginger Woods Parkway, which is currently the largest new office development in the city, at 15,000 square feet.
See reports for other markets
- Chicago Office Rent Price
- Naperville Office Rent Price
- Schaumburg Office Rent Price
- Des Plaines Office Rent Price
- Arlington Heights Office Rent Price
- Northbrook Office Rent Price
- Oak Brook Office Rent Price
- Dallas Office Rent Price
- Charlotte Office Rent Price
- San Francisco Office Rent Price
- Austin Office Rent Price
- San Antonio Office Rent Price
- Seattle Office Rent Price
- Phoenix Office Rent Price
- Houston Office Rent Price
- Los Angeles Office Rent Price
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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Aurora 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.