Chicago Suburban Office Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from CBRE Survey H2 2025, Newmark
Quarterly office market indicators for Chicago Suburban, aggregated by PropZone from CBRE Survey H2 2025, Newmark. As of Q1 2026, average asking rent was $22.99/SF with a 27.3% vacancy rate.
Projected current office pricing — Chicago Suburban
low confidenceProjected asking rent
$22.99/SF/yr
Estimated sale value
$88–$114/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 CBRE Survey H2 2025 data (cap rate 9.5%, asking rent held flat). 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% | — | — | CBRE Survey H2 2025 |
| 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, per CBRE Survey H2 2025.
- What is the office vacancy rate in Chicago Suburban?
- The office vacancy rate in Chicago Suburban was 27.3% as of Q1 2026 (CBRE Survey H2 2025).
- Where does PropZone's Chicago Suburban market data come from?
- This report aggregates quarterly office market data for Chicago Suburban from CBRE Survey H2 2025, Newmark.
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