2023 Office Space Rent & Sales
- $22.71 2023 Avg. Asking Rent
- 18.46% 2023 Office Vacancy Rate
Des Plaines office price per square foot in 2023 was $22.71 on average. The local office market recorded an average vacancy rate of 18.46% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Illinois Class A & A+ Office Space$33.01
- Illinois Class B Office Space$25.97
- Illinois Class C Office Space$28.31
Des Plaines, IL Office Asking Rents by Class
Office Spaces for Rent in Illinois
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2023 Office Construction in Des Plaines, IL
| Office building | Address | SF | Completed |
|---|---|---|---|
| Pointe O'Hare | 9550 West Higgins Road, 60018 | 270,512 | 2001 |
| O'Hare Gateway Office Center | 9500 West Bryn Mawr Avenue, 60018 | 188,697 | 2001 |
| O'Hare Gateway Office Center | 9600 West Bryn Mawr Avenue, 60018 | 161,676 | 2001 |
| 5500 Pearl Street | 5500 Pearl Street, 60018 | 133,237 | 2001 |
| O'Hare Express Center - 514 Express Center Drive | 514 Express Center Drive, 60666 | 185,000 | 2000 |
| 513 Express Center Drive | 513 Express Center Drive, 60666 | 138,000 | 1997 |
| O'Hare Express Center - 517 Express Center Drive | 517 Express Center Drive, 60666 | 157,159 | 1996 |
| O'Hare Express Center - 515 Express Center Drive | 515 Express Center Drive, 60666 | 115,891 | 1996 |
| Riverway | 6111 North River Road, 60018 | 267,152 | 1990 |
| Columbia Centre II | 9450 West Bryn Mawr Avenue, 60018 | 148,927 | 1990 |
Worth noting among recent office completions on the Des Plaines market is Pointe O'Hare, which is currently the largest new office development in the city, at 270,512 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 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 Des Plaines 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.