Palatine, IL Office Spaces for Rent

Find your best Palatine, IL office space among 70 for rent listings, which average an asking price of $21.44 per square foot.

Office Market FAQs

800 East Northwest Hwy

800 East Northwest Hwy, Palatine, IL
Property

Office

136,603 SF
Availability Contact for availability
Year Built

1973
For Lease Contact for pricing
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Downtown Palatine Village Square

32-60 W Palatine Road, Palatine, IL
Property

Retail

21,819 SF
Availability

2 Spaces

2,924 SF
Year Built

1975
For Lease

$24.00 - $27.00/SF/YR
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1990 E. Algonquin Road

1990 E. Algonquin Road, Schaumburg, IL
Property

Office

25,484 SF
Availability

4 Spaces

10,290 SF
Year Built

1986
For Lease

$14.50/SF/YR
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600 N First Bank Drive

600 N First Bank Drive, Palatine, IL
Property

Office

17,304 SF
Availability

1 Space

7,000 SF
Year Built

1960
For Lease

$12.50/SF/YR
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110 North Brockway Street

110 North Brockway Street, Palatine, IL
Property

Office

40,000 SF
Availability

1 Space

4,916 SF
Year Built

2004
For Lease

$22.75 - $23.75/SF/YR
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2000-2060 East Algonquin Road

2000-2060 East Algonquin Road, Schaumburg, IL
Property

Office

100,500 SF
Availability

7 Spaces

28,590 SF
Year Built

1981
For Lease

$15.50/SF/YR
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4949 Euclid Ave

4949 Euclid Ave, Palatine, IL
Property

Office

11,440 SF
Availability

2 Spaces

6,000 SF
Year Built

1992
For Lease

$18.00 - $21.00/SF/YR
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Gateway Center

220 North Smith Street, Palatine, IL
Property

Office

101,827 SF
Availability

5 Spaces

21,669 SF
Year Built

2002
For Lease

$28.90/SF/YR
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800 East Northwest Hwy

800 East Northwest Hwy, Palatine, IL
Property

Office

136,603 SF
Availability

48 Spaces

83,922 SF
Year Built

1973
For Lease

$3.29 - $17.00/SF/YR
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1606 W Colonial Pky, Palatine, IL

1606 W Colonial Pky, Inverness, IL
Property

Office

6,060 SF
Availability

3 Spaces

6,060 SF
For Lease

$16.00/SF/YR
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Frequently Asked Questions

Asking prices vary based on the property location, rating, amenities such as proximity to restaurants, cafes, and entertainment venues, as well as convenience of access to public transport, airports, and thoroughfares.

The average rent for office space in Palatine is $21.44 per square foot. The minimum rental rate for office space in Palatine is $12.5 per square foot.

For more details on Palatine office space rent and sales prices, as well as overall market quality and new construction data, see Palatine Office Market Trends.
Most experts recommend an average of between 75 and 150 square feet of office space per person. However, it is important to keep in mind that how much office space you ultimately need depends on your activity and how you need to use the space, as much as it does on how many people it should accommodate. If you already know what size office would best suit your needs, use the available space size filter at the top of the search page to focus your search on the best fit for you.

You’ll find a home for almost any size of business in Palatine, as the local office market offers a wide range of options. Office spaces currently on the market go up to as much as 13,762 square feet in size for an individual listing.
However, there is a variety of differently sized opportunities below that maximum. For your consideration, the median size of an office space for lease in Palatine is 1,557 square feet, and the average office space size here is 2,398 square feet.
You can find 70 office listing(s) for lease in Palatine, which add up to a total of 169,648 square feet. Availability on the market includes a variety of office use types, such as General Office, Office Building, Medical Office, Office-Business Park.

The most common office use type currently available for lease in Palatine is General Office, which is offered in 7 or 10.00% of listings. The second-most frequent office use type listed here is Office Building, which account for 3 or 4.29% of office space currently available.
Sublease opportunities on the market include General Office, Office Building, Medical Office.
The best choice of neighborhood for your office space will greatly depend on the elements that are most relevant to your business and your employees. However, a good criterion to start with is to look at the areas of the city that have the highest concentration of office properties, as these areas are generally well connected to transit options and have a good degree of amenity availability.
Each individual’s commuting experience will of course be different depending on a number of factors. Check the location description details for the office listings that catch your eye, to get an overview of walkability, access to public transport, the quality of infrastructure dedicated to biking commuters, as well as the proximity to parking facilities, fuel stations, and other essential amenities.
The Palatine office market incorporates a mix of properties of various ages, ratings, construction grades, and other quality indicators. Roughly 7.14% of total office space listings in the city are in properties rated Class A. Class B office space accounts for 74.29% of spaces listed on the leasing market. Class C office space makes up 14.29% of office space available in Palatine.

Buildings completed in and since the year 2000 account for 20% of office properties in the city and incorporate a total of 141,827 square feet. About 20% of office space in Palatine is in buildings that have been renovated at least once since 2000.
There are, of course, a lot of things to factor in when you are looking for office space. Aspects including the accessibility of the location, the quality of the facility, the size of the space, the convenience of nearby amenities, the type and duration of the lease, and of course the cost are all part of the search and decision process. For a quick checklist of what you should take into account when researching the market, consider these seven tips for choosing the best office location for your business. Alternatively, for a comprehensive take on everything to consider when looking for office space, see our in-depth guide to finding office space for small or growing companies. The guide also includes insights from seasoned professionals and can serve as a helpful resource for growing companies, no matter their current size.
Are you looking to lease office space in the vicinity of your current location or in a particular neighborhood of Palatine? Using the interactive map, you can easily navigate to your preferred location and customize your search area around a specific point of interest. Select “Radius” from the Search Mode options menu, click on the map to set your search reference point, and expand the radius to select your desired search area. Browse available listings to find the best office space that meets your location, as well as other business needs.

Palatine, IL Office Inventory Breakdown

There are a number of factors that make a city attractive for businesses to relocate or expand, as well as for investors to enhance their portfolios through local acquisitions. Among the most important factors to consider are the size and quality of the local office market, which is an essential component of the local economy.

Total Office Space in Palatine: 920,662 Sq. Ft.

In 2024 the Palatine office market encompassed 920,662 square feet of space.
Class A office space makes up a 11.06% share of Palatine office inventory, while Class B office assets represent roughly 71.41% of the market total.

Palatine Office Market Breakdown by Building Size
Building Size Range	Total Square Feet	Share of Total Office
50k to 100k Sq. Ft.	172,264 Sq. Ft.	18.71%
100k to 500k Sq. Ft.	494,028 Sq. Ft.	53.66%

Palatine Office Market Breakdown by Building Quality Rating
Class	Total Square Feet	Share of Total Office
Class A	101,827 Sq. Ft.	11.06%
Class B	657,474 Sq. Ft.	71.41%
Class C	161,361 Sq. Ft.	17.53%

Data was provided by CommercialEdge, refers to properties larger than 50,000 square feet.

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Palatine, IL Office Spaces for Rent

800 East Northwest Hwy

Downtown Palatine Village Square

1990 E. Algonquin Road

600 N First Bank Drive

110 North Brockway Street

2000-2060 East Algonquin Road

4949 Euclid Ave

Gateway Center

800 East Northwest Hwy

1606 W Colonial Pky, Palatine, IL

Frequently Asked Questions

Palatine, IL Office Inventory Breakdown

Total Office Space in Palatine: 920,662 Sq. Ft.

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