Class A Sublease
Price
Price on request
Market rate estimate — not broker-provided
Cost-of-Business Details
Very Low ConfidenceTransferred from peer market jacksonville (similarity: 100%) with 17 comparable listings.
| Component | Value | Detail | Source |
|---|---|---|---|
| Base Rent | $23.00/SF/mo | — | peer_city_transfer |
| Utilities | — | 4.1¢/kWh | OpenEI URDB |
| Property Tax | — | 0.0% eff. rate | API Ninjas |
| Labor Index | — | $1626/wk | BLS QCEW |
Source Provenance (1)
| Source | Type | Count | Year | Freshness | Peer |
|---|---|---|---|---|---|
| Peer City Transfer | economic_similarity | 17 | — | real-time | jacksonville (100%) |
Description
Office | For Sublease: 3,575 SF Class A sublease near Woodfield Mall.
Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.
Location
1450 American Ln, Schaumburg, IL 60173, USA, Schaumburg, IL 60173
Market Context
As of Q1 2026, the Chicago office market showed a 26.9% vacancy rate, average asking rents near $45.41/SF/yr, rents up 5.2% year over year, and cap rates around 9.8%. Source: multiple brokerages Q1 2026 market report.
Projected current pricing
high confidenceModeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 9.8%, asking rent trend-adjusted to today).
Rising rents point to a competitive market where well-priced, well-located space leases quickly.
Compare it against other office listings for lease in Schaumburg, IL to benchmark pricing and space — view the full market.
Office market FAQ
- What is the typical cap rate for office in Chicago?
- About 9.8% as of Q1 2026, per multiple brokerages.
- Is the Chicago office market tightening or softening?
- Vacancy is around 26.9%, with asking rents rising year over year (Q1 2026).
Unified Estimate
Very Low ConfidenceRate-first confidence-weighted blend with cost-of-business adjustment.
No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market jacksonville (similarity: 100%) with 17 comparable listings.
Lease Rate & Market Trend
2000 – 2026 · county sold comps + market trendsFIPS 17031
- Avg Rent ($/SF/mo) (market data)
- Vacancy %
Investment Analysis
Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.
Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.
Market Employment Trend
December 2025 • Source: BLS QCEW
Economic Indicators
Source: FRED
Market Demographics
Census ACS 20242024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau
Assumptions
- Market comparison: office in Schaumburg, IL
More Office for Lease in Schaumburg, IL(5)
Sublease Opportunity
Schaumburg, IL
Price on request
Cap Rate
N/A
Price/SF
N/A
SF
N/A
Woodfield Corporate Center
schaumburg, IL
Price on request
Cap Rate
N/A
Price/SF
N/A
SF
N/A
One National Plaza at Woodfield
schaumburg, IL
Price on request
Cap Rate
N/A
Price/SF
12.0/sf
SF
N/A
Office in Naperville, IL
naperville, IL
Price on request
Cap Rate
N/A
Price/SF
24.5/sf
SF
N/A
20th Floor Sublease Space
Chicago, IL
Price on request
Cap Rate
N/A
Price/SF
N/A
SF
N/A