2023 Office Space Rent & Sales
- $29.68 2023 Avg. Asking Rent
- 0.56% Y-o-Y Avg. Asking Rent Change
- 24.36% 2023 Office Vacancy Rate
Downers Grove office price per square foot in 2023 was $29.68 on average. This marked a +0.56% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 24.36% 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
Downers Grove, IL Office Asking Rents by Class
2023 Office Vacancy Rates in Downers Grove
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Eastern East-West Corridor | $28.92 | 20.28% |
| Western East-West Corridor | $23.11 | 21.08% |
Office Spaces for Rent in Illinois
Coworking Spaces in Illinois
- Chicago Coworking Space
- Nashville Coworking Space
- Charlotte Coworking Space
- Indianapolis Coworking Space
- Cincinnati Coworking Space
- Columbus Coworking Space
- Raleigh Coworking Space
- Kansas City Coworking Space
- Alexandria Coworking Space
- Detroit Coworking Space
- Memphis Coworking Space
- Louisville Coworking Space
- St. Louis Coworking Space
- Durham Coworking Space
- Milwaukee Coworking Space
- Omaha Coworking Space
- Cleveland Coworking Space
- Grand Rapids Coworking Space
- Ann Arbor Coworking Space
- Chattanooga Coworking Space
- Madison Coworking Space
| Office building | Address | SF | Completed |
|---|---|---|---|
| Highland Landmark IV | 3050 Highland Parkway, 60515 | 260,852 | 2002 |
| Esplanade V | 3250 Lacey Road, 60515 | 163,624 | 2002 |
| Esplanade IV | 1901 Butterfield Road, 60515 | 278,285 | 1999 |
| Corridors II | 2655 Warrenville Road, 60515 | 149,896 | 1999 |
| Highland Landmark II | 3025 Highland Pkwy, 60515 | 277,814 | 1998 |
| Finley Point | 3333 Finley Road , 60515 | 223,771 | 1998 |
| Esplanade at Locust Point II | 3500 Lacey Road, 60515 | 584,000 | 1992 |
| Esplanade R&D | 3131 Woodcreek Drive, 60515 | 72,929 | 1991 |
| Esplanade I | 2001 Butterfield Road, 60515 | 536,322 | 1990 |
| 6900-6912 Main Street | 6900-6912 Main Street, 60516 | 48,288 | 1985 |
Worth noting among recent office completions on the Downers Grove market is Highland Landmark IV, which is currently the largest new office development in the city, at 260,852 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
- Denver Office Rent Price
- Manhattan Office Rent Price
- Charlotte Office Rent Price
- Houston Office Rent Price
- San Antonio Office Rent Price
- Atlanta Office Rent Price
- Phoenix Office Rent Price
- Los Angeles Office Rent Price
- Austin 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 Downers Grove 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.