In the western suburbs of Chicago, office tenants still call the shots. However, there are signs that these good times are coming to an end.
Copied below are the rent changes I’ve seen in Q1 2015 in the western suburban office market.
It’s still a tenant’s market, but office rents are increasing in some key properties.
Please let me know if I can answer any questions about the local office market. I help businesses find commercial office space and negotiate commercial lease and purchase agreements. You can reach me at email@example.com or (630) 805-2463.
|Address||City||Date||New Rate*||Previous Rate*|
|1400/1431/1431 Opus Pl||Downers Grove||02/24/2015||$15.00/sf n||$14.00-13.50/sf n|
|4343 Commerce Ct||Lisle||03/24/2015||$19.50/sf mg||$18.50/sf mg|
|2000-2080 Springer Dr||Lombard||01/05/2015||$19.00-$20.00/sf mg||$18.50-$19.50/sf mg|
|246 E Janata Blvd||Lombard||02/04/2015||$13.95/sf mg||$15.95/sf mg|
|2200 S Main St||Lombard||02/05/2015||$10.95/sf mg||$11.95/sf mg|
|1910 S Highland Ave||Lombard||03/04/2015||$15.00/sf mg||$14.50/sf mg|
|55 Shuman Blvd||Naperville||01/12/2015||$16.75/sf n||$16/sf n|
|280 Shuman Blvd||Naperville||02/17/2015||$19.00/sf mg||$17.50/sf mg|
|1000-1100 E Warrenville Rd||Naperville||03/16/2015||$15.50/sf n||$14.50/sf n|
|2100 Clearwater Dr||Oak Brook||03/04/2015||$18.00/sf mg||$17.00/sf mg|
|600 22nd St||Oak Brook||03/09/2015||$18.50/sf mg||$18.00/sf mg|
|2001/2015/2021 Spring Rd||Oak Brook||01/30/2015||$18.75/sf n||$18.00/sf n|
|1-2 Mid America Plaza||Oakbrook Terrace||01/16/2015||$19.00/sf n||$18.50/sf n|
|17W662 Butterfield Rd||Oakbrook Terrace||1/20/2015||$17.00/sf mg||$17.50/sf mg|
|635 Butterfield Rd||Oakbrook Terrace||02/13/2015||$18.75/sf mg||$17.50/sf mg|
|1 Parkview Plz||Oakbrook Terrace||03/25/2015||$18.00/sf n||$17.50/sf n|
|1107 S Mannheim Rd||Westchester||02/10/2015||$10.00-$14.00/sf mg||$8.00/sf mg|
|1 E Oak Hill Dr||Westmont||03/11/2015||$18.50/sf mg||$18.00/sf mg|
|545 Plainfield Rd||Willowbrook||01/07/2015||$19.00/sf mg||$18.50/sf mg|
|625 Plainfield Rd||Willowbrook||03/06/2015||$15.25/sf mg||$14.75/sf mg|
*Landlord’s initial asking rent rate for new tenants; “n” = net rate; “mg” = modified gross
Golden Group Real Estate represents tenants looking for office space in the western suburbs of Chicago. Contact us if you are looking for office space for rent in Aurora, Darien, Downers Grove, Glen Ellyn, Hinsdale, Lisle, Lombard, Naperville, Oak Brook, Oakbrook Terrace, Warrenville, Westmont, Westchester, Wheaton, or Woodridge. You can reach us at firstname.lastname@example.org or (630) 805-2463.by