Woodridge Office Rent Price & Sales Report

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.

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

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%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Woodridge market was 11.16% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Woodridge was 21.08% in the Western East-West Corridor submarket, while the highest office vacancy in the market was 23.08%, recorded in Southwest Cook County.

Office Spaces for Rent in Illinois

Coworking Spaces in Illinois

2023 Office Construction in Woodridge, IL

Largest Office Properties Recently Completed in Woodridge
Office building Address SF Completed
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
MidPoint I 7125 Janes Avenue, 60517 51,579 2000
1999 W. 75th Street 1999 W. 75th Street, 60517 12,000 1987

Worth noting among recent office completions on the Woodridge market is 9014 Heritage Pkwy, which is currently the largest new office development in the city, at 43,972 square feet.

Data provided by Commercial Edge

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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.