Chicago Suburban Office Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from , Newmark
Quarterly office market indicators for Chicago Suburban, aggregated by CREhunt from , Newmark. As of Q1 2026, average asking rent was $22.99/SF with a 27.3% vacancy rate.
Projected current office pricing — Chicago Suburban
Projected asking rent
$22.99–$23.69/SF/yr
Estimated sale value
$88–$118/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 9.5%, asking rent trend-adjusted to today). Assumes ~73% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $22.99/SF | 27.3% | — | — | |
| Q1 2026 | $22.99/SF | 27.3% | — | — | Newmark |
Frequently asked questions
- What is the average asking rent for office space in Chicago Suburban?
- As of Q1 2026, the average asking rent for office space in Chicago Suburban was $22.99/SF.
- What is the office vacancy rate in Chicago Suburban?
- The office vacancy rate in Chicago Suburban was 27.3% as of Q1 2026.
- Where does CREhunt's Chicago Suburban market data come from?
- This report aggregates quarterly office market data for Chicago Suburban from Newmark.
Looking for active inventory? Browse office listings, read how to buy office property, see interactive market trends, or estimate a property's rent or price.