What is the typical cap rate for office in Chicago?

About 9.8% as of Q1 2026, per multiple brokerages.

Is the Chicago office market tightening or softening?

Vacancy is around 26.9%, with asking rents rising year over year (Q1 2026).

Office

26 Twenty Five

26 twenty five, oak brook, IL 60523

Price

Price on request

Description

Experience a contemporary property featuring a fully updated conference center and a modern fitness facility. Take advantage of a full-service deli and a variety of collaborative spaces positioned throughout the complex. Ideally located near Oakbrook Center and Yorktown Center, with convenient access to I-88 and I-355, this location offers an array of dining options, from quick bites to upscale restaurants, as well as several full-service hotels. Enjoy an exceptional mix of amenities and accessibility.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

26 twenty five, oak brook, IL 60523

Leaflet © OpenStreetMap contributors

Market Context

As of Q1 2026, the Chicago office market showed a 26.9% vacancy rate, average asking rents near $45.41/SF/yr, rents up 5.2% year over year, and cap rates around 9.8%. Source: multiple brokerages Q1 2026 market report.

Projected current pricing

high confidence

Projected asking rent

$45.41–$45.98/SF/yr

Estimated sale value

$169–$223/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 9.8%, asking rent trend-adjusted to today).

View the full Chicago Office market report →

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Compare it against other office listings for sale in Oak Brook, IL to benchmark pricing and space — view the full market.

Office market FAQ

What is the typical cap rate for office in Chicago?: About 9.8% as of Q1 2026, per multiple brokerages.
Is the Chicago office market tightening or softening?: Vacancy is around 26.9%, with asking rents rising year over year (Q1 2026).