Hoffman Estates Office Space

Hoffman Estates

Office Space Market Report

Number of Listings (last 90 days)
23
Median Rate ($/sqft/yr)
$15
Median Size (sqft)
1,350
As of: August 16, 2017

Hoffman Estates Rates

Most listings are in the $10's per square foot per year. The Hoffman Estates submarket is seeing a decline in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 51% decline in rent.

Compared to the rest of the Chicagoland market, the Hoffman Estates region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Hoffman Estates Listing Supply

In the last 90 days, 23 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 43% of the available space in the Hoffman Estates are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,350 sqft. Most buildings in this area are close to 1 stories. Most buildings in this region were built in 1996 and are Class A.

Hoffman Estates Community

Market Report

Trends and status of the commercial real estate market in Hoffman Estates.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Hoffman Estates.
Research