2023 Office Space Rent & Sales
- $21.24 2023 Avg. Asking Rent
- 11.16% 2023 Office Vacancy Rate
Woodridge office price per square foot in 2023 was $21.24 on average. The local office market recorded an average vacancy rate of 11.16% across all asset classes combined.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Woodridge Class A & A+ Office Space$26.45
- Woodridge Class B Office Space$18.27
- Illinois Class A & A+ Office Space$33.01
- Illinois Class B Office Space$25.97
- Illinois Class C Office Space$23.33
Woodridge, IL Office Asking Rents by Class
2023 Office Vacancy Rates in Woodridge
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Western East-West Corridor | $23.11 | 21.08% |
Southwest Cook County | $21.70 | 23.08% |
Coworking Spaces in Illinois
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2023 Office Construction in Woodridge, IL
Office building | Address | SF | Completed |
---|---|---|---|
Building III | 10216 Werch Drive, 60517 | 72,820 | 2006 |
9014 Heritage Pkwy | 9014 Heritage Pkwy, 60517 | 43,972 | 2003 |
9022 Heritage Pkwy | 9022 Heritage Pkwy, 60517 | 92,256 | 2002 |
9022 Heritage Pkwy | 9022 Heritage Pkwy, 60517 | 92,256 | 2002 |
7425 Janes Ave. | 7425 Janes Ave., 60517 | 45,000 | 2002 |
Woodridge Medical Professional Center | 7425 Janes Ave., 60517 | 45,000 | 2002 |
Worth noting among recent office completions on the Woodridge market is Building III, which is currently the largest new office development in the city, at 72,820 square feet.
See reports for other markets
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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 Woodridge 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.