2023 Office Space Rent & Sales
- $18.37 2023 Avg. Asking Rent
- 56.67% 2023 Office Vacancy Rate
Matteson office price per square foot in 2023 was $18.37 on average. The local office market recorded an average vacancy rate of 56.67% 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
Matteson, IL Office Asking Rents by Class
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Office building | Address | SF | Completed |
---|---|---|---|
Southwick Corporate Park - 4801 Southwick Drive | 4801 Southwick Drive, 60443 | 73,256 | 1988 |
4747 Lincoln Mall Drive | 4747 Lincoln Mall Drive, 60443 | 74,395 | 1987 |
600 Holiday Plaza Drive | 600 Holiday Plaza Drive, 60443 | 123,349 | 1981 |
International Office Center | 600 Holiday Plaza Drive, 60443 | 123,349 | 1981 |
Matteson Town Center | 106 Town Center Road, 60443 | 181,169 | 1979 |
4749 Lincoln Mall Drive | 4749 Lincoln Mall Drive, 60443 | 76,200 | 1979 |
Worth noting among recent office completions on the Matteson market is Southwick Corporate Park - 4801 Southwick Drive, which is currently the largest new office development in the city, at 73,256 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 Matteson 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.