2023 Office Space Rent & Sales
- $30.15 2023 Avg. Asking Rent
- 0.90% Y-o-Y Avg. Asking Rent Change
- 18.00% 2023 Office Vacancy Rate
Oak Brook office price per square foot in 2023 was $30.15 on average. This marked a +0.90% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 18.00% 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
Oak Brook, IL Office Asking Rents by Class
Office Spaces for Rent in Illinois
Coworking Spaces in Illinois
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2023 Office Construction in Oak Brook, IL
- Oak Brook, IL Total SF under construction in 2024 67,264
| Office building | Address | SF | Completed |
|---|---|---|---|
| Oak Brook Pointe | 700 Commerce Drive, 60523 | 294,097 | 2000 |
| Commerce Office Building | 814 Commerce Drive, 60523 | 173,017 | 1990 |
| 701 Harger Rd | 701 Harger Rd, 60523 | 63,345 | 1986 |
| The Crossings | 1420 Kensington Road, 60523 | 304,510 | 1985 |
| One Oakbrook Terrace | 18W200 22nd Street, 60181 | 161,373 | 1983 |
| Hamburger University | 2715 Jorie Blvd, 60523 | 111,306 | 1983 |
| 2100 Swift Drive | 2100 Swift Drive, 60523 | 58,010 | 1983 |
| 2100 Swift Drive | 2100 Swift Drive, 60523 | 58,010 | 1983 |
| Drake Oak Brook Office Park | 2211 York Road, 60523 | 251,942 | 1981 |
| Oak Brook Place One and Two | 2301 W 22nd Street, 60523 | 183,000 | 1980 |
Worth noting among recent office completions on the Oak Brook market is Oak Brook Pointe, which is currently the largest new office development in the city, at 294,097 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 Oak Brook 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.