Naperville Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $26.45 2024 Avg. Asking Rent
  • 21.87% 2024 Office Vacancy Rate

Naperville office price per square foot in 2024 was $26.45 on average. The local office market recorded an average vacancy rate of 21.87% 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

2024 Average Office Rent per Square Foot

  • Naperville Class A & A+ Office Space$28.10
  • Naperville Class B Office Space$23.39
  • Illinois Class A & A+ Office Space$29.95
  • Illinois Class B Office Space$26.01
  • Illinois Class C Office Space$22.42

Naperville, IL Office Asking Rents by Class

2024 Office Vacancy Rates in Naperville

Submarket Asking Rents Vacancy Rates
Western East-West Corridor $23.82 24.78%
Bolingbrook $13.56 22.63%
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 Naperville market was 21.87% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Naperville was 22.63% in the Bolingbrook submarket, while the highest office vacancy in the market was 24.78%, recorded in Western East-West Corridor.

Office Spaces for Rent in Illinois

Coworking Spaces in Illinois

2024 Office Construction in Naperville, IL

  • Naperville, IL Total SF under construction in 2025 71,600
Largest Office Properties Recently Completed in Naperville
Office building Address SF Completed
Water Street Retail Space 120 Water St, 60540 86,510 2016
4200 Cantera Drive - Suite 217 4200 Cantera Drive, 60555 69,230 2007
4200 Cantera Drive - Suite 219 4200 Cantera Drive, 60555 69,230 2007
2323 Naperville Rd, Unit 180 2323 Naperville Road Unit 180, 60563 44,113 2007
Waterside Center 2764 Aurora Ave, 60540 52,101 2004
1415 West Diehl Road 1415 West Diehl Road, 60563 819,513 2001
HUB1415 1415 W Diehl Road , 60563 721,936 2001
Westings Corporate Center 2056 Westings Avenue, 60563 176,631 2001
1548 Bond St 1548 Bond St, 60563 23,526 2001
Naperville 95th Street MOB 1012 95th St, 60564 18,938 1999

Worth noting among recent office completions on the Naperville market is Water Street Retail Space, which is currently the largest new office development in the city, at 86,510 square feet.

Data provided by Commercial Edge

See reports for other markets

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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Naperville 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.