2023 Office Space Rent & Sales
- $18.84 2023 Avg. Asking Rent
- 9.01% 2023 Office Vacancy Rate
Hoffman Estates office price per square foot in 2023 was $18.84 on average. The local office market recorded an average vacancy rate of 9.01% 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
Hoffman Estates, IL Office Asking Rents by Class
Office Spaces for Rent in Illinois
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| Office building | Address | SF | Completed |
|---|---|---|---|
| Prairie Pointe Medical Building | 4885 Hoffman Blvd, 60192 | 65,544 | 2008 |
| 4885 Hoffman Blvd | 4885 Hoffman Blvd, 60192 | 65,544 | 2008 |
| 2600 Forbs Ave | 2600 Forbs Ave, 60192 | 90,000 | 2007 |
| Greenspoint Office Park - Greenspoint III | 2895 Greenspoint Pkwy, 60010 | 150,603 | 2000 |
| Blackberry Falls | 2353-2357 Hassell Road , 60169 | 28,000 | 2000 |
| Greenspoint II | 3100 & 3150 W. Higgins Road, 60169 | 57,548 | 1990 |
| 1721 Moon Lake Dr | 1721 Moon Lake Dr, 60169 | 100,000 | 1987 |
Worth noting among recent office completions on the Hoffman Estates market is Prairie Pointe Medical Building, which is currently the largest new office development in the city, at 65,544 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 Hoffman Estates 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.