The Western suburban office market remains a tenant’s market, but office rents are increasing in Class A properties.
Copied below are the rent changes I’ve seen in the second quarter of 2015.
Please let me know if I can answer any questions about these properties or the local office market in general. I help businesses find commercial office space and negotiate commercial lease and purchase agreements. For more info, contact me at firstname.lastname@example.org or 630.805.2463.
At Golden Group Real Estate, we specialize in tenant representation real estate services for office space users in the Chicago area, helping local business owners find office space and negotiate lease and purchase agreements. We never represent landlords, so we are prepared to negotiate aggressively on behalf of our tenant clients.
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|Building||Address||City||New Rate*||Previous Rate*|
|Esplanade||1901 Butterfield Rd||Downers Grove||$29.79||$29.29|
|Olympian Office Center||4343 Commerce Ct||Lisle||$21.50||$19.50|
|Corporate West I||4300 Commerce Ct||Lisle||$29.15||$27.15|
|Arboretum Lakes||701-1001 Warrenville Rd||Lisle||$24.26||$24.01|
|iMED Campus||1331 W 75th St||Naperville||$31.50||$29.50|
|Naperville Medical Offices||1020 E Ogden Ave||Naperville||$33.73||$31.73|
|One Energy Center||40 Shuman Blvd||Naperville||$22.74||$22.22|
|Commerce Plaza||2001-2021 Spring Rd||Oak Brook||$28.69||$28.19|
|Oak Brook Regency Towers||1415/1515 W 22nd St||Oak Brook||$27.39||$27.14|
|One Lincoln Centre||18W140 Butterfield Rd||Oakbrook Terrace||$28.90||$27.65|
|One Oakbrook Terrace||1 Oakbrook Ter||Oakbrook Terrace||$24.00||$23.50|
|Oakbrook Terrace Tower||1 Tower Ln||Oakbrook Terrace||$28.86||$28.61|
|Westbrook Corporate Center||1-4 Westbrook Corporate Ctr||Westchester||$27.20||$26.20|
*Landlord’s initial asking rent rate ($/sf per yr) for new tenants, adjusted modified gross estimateby