2023 Office Space Rent & Sales
- $22.11 2023 Avg. Asking Rent
- 41.46% 2023 Office Vacancy Rate
Tinley Park office price per square foot in 2023 was $22.11 on average. The local office market recorded an average vacancy rate of 41.46% 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
Tinley Park, IL Office Asking Rents by Class
Office Spaces for Rent in Illinois
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2023 Office Construction in Tinley Park, IL
- Tinley Park, IL Total SF completed in 2023 70,000
- Tinley Park, IL Total SF under construction in 2024 42,000
During 2023, 70,000 square feet of new office space were delivered across the market. At the close of 2023, the Tinley Park office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 70,000 square feet of office space. Looking forward, development activity throughout 2024 is estimated to add 42,000 square feet of office space to the market, before year-end.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 7851 West 185th Street | 7851 West 185th Street, 60477 | 41,240 | 2008 |
| 16532 Oak Park Ave | 16532 Oak Park Avenue, 60477 | 18,000 | 2005 |
| Advocate Medical Campus Southwest | 18210 South LaGrange Road, 60487 | 52,950 | 2003 |
| 8101 183rd Street | 8101 183rd Street, 60487 | 90,643 | 2002 |
| Tinley Crossings | 8151 183rd Street, 60487 | 51,023 | 2001 |
| Tinley Crossings | 8151 183rd Street, 60487 | 51,023 | 2001 |
| 18425 West Creek Drive | 18425 West Creek Drive, 60477 | 28,702 | 2001 |
| Tinley Crossing South | 8200 West 185th Street, 60487 | 83,359 | 1999 |
| Estancia Executive Centre of Tinley Park | 18312 West Creek Drive, 60477 | 101,400 | 1997 |
| 17517 80th Ave | 17517 80th Ave, 60477 | 32,654 | 1997 |
Worth noting among recent office completions on the Tinley Park market is 7851 West 185th Street, which is currently the largest new office development in the city, at 41,240 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 Tinley Park 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.