2022 Office Space Rent & Sales
- $28.26 2022 Avg. Asking Rent
- 16.85% 2022 Office Vacancy Rate
Deerfield office price per square foot in 2022 was $28.26 on average. The local office market recorded an average vacancy rate of 16.85% across all asset classes combined.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Deerfield Class B Office Space$31.11
- Deerfield Class C Office Space$17.66
- Illinois Class A & A+ Office Space$34.19
- Illinois Class B Office Space$25.31
- Illinois Class C Office Space$19.07
Deerfield, IL Office Asking Rents by Class
2022 Office Vacancy Rates in Deerfield
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
North Shore - South | $26.99 | 20.29% |
North Shore - North | $21.76 | 22.12% |
Coworking Spaces in Illinois
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Office building | Address | SF | Completed |
---|---|---|---|
Ten Parkway Boulevard North | 10 Parkway N, 60015 | 49,194 | 2000 |
Bannockburn Corporate Center | 3000 Lakeside Drive, 60015 | 209,225 | 1999 |
1650 Lake Cook Road | 1650 Lake Cook Road, 60015 | 125,690 | 1998 |
111 Deer Lake Road | 111 Deer Lake Road, 60015 | 60,000 | 1988 |
2401 Waukegan Road | 2401 Waukegan Road, 60015 | 48,472 | 1988 |
111 South Pfingsten Road | 111 South Pfingsten Road, 60015 | 120,927 | 1987 |
111 South Pfingsten Road | 111 South Pfingsten Road, 60015 | 120,927 | 1987 |
155 North Pfingsten Road | 155 North Pfingsten Road, 60015 | 119,265 | 1987 |
1020 North Milwaukee Avenue | 1020 North Milwaukee Avenue, 60015 | 64,858 | 1987 |
Corporate 500 | 500, 510, 520 & 540 Lake Cook Rd, 60015 | 708,522 | 1986 |
Worth noting among recent office completions on the Deerfield market is Ten Parkway Boulevard North, which is currently the largest new office development in the city, at 49,194 square feet.
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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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Deerfield 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.