2023 Office Space Rent & Sales
- $28.89 2023 Avg. Asking Rent
- -1.52% Y-o-Y Avg. Asking Rent Change
- 31.16% 2023 Office Vacancy Rate
Oakbrook Terrace office price per square foot in 2023 was $28.89 on average. This marked a -1.52% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 31.16% 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
- Oakbrook Terrace Class A & A+ Office Space$30.04
- Oakbrook Terrace Class B Office Space$26.17
- Illinois Class A & A+ Office Space$33.01
- Illinois Class B Office Space$25.97
- Illinois Class C Office Space$28.31
Oakbrook Terrace, IL Office Asking Rents by Class
Office Spaces for Rent in Illinois
Coworking Spaces in Illinois
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| Office building | Address | SF | Completed |
|---|---|---|---|
| One TransAm Plaza | One TransAm Plaza, 60181 | 118,412 | 2007 |
| One Parkview Plaza | 17W110 22nd Street, 60181 | 263,912 | 1993 |
| Oakbrook Terrace Tower | 1 Tower Lane, 60181 | 792,192 | 1987 |
| Oakbrook Terrace Tower | 1 Tower Lane, 60181 | 792,192 | 1987 |
| One Lincoln Centre | 18W140 Butterfield Road, 60181 | 307,370 | 1987 |
| Oakbrook Terrace Atrium | 17W220 22nd Street, 60181 | 56,414 | 1987 |
| 1S660 Midwest Road | 1S660 Midwest Road, 60181 | 50,000 | 1987 |
| Oakbrook Terrace Corporate Center I | 1901 South Meyers Road, 60181 | 325,116 | 1986 |
| Mid America Plaza | 1 Mid America Plaza, 60181 | 207,221 | 1985 |
| Two TransAm Plaza | 2 TransAm Plaza, 60181 | 117,717 | 1985 |
Worth noting among recent office completions on the Oakbrook Terrace market is One TransAm Plaza, which is currently the largest new office development in the city, at 118,412 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 Oakbrook Terrace 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.