Palatine, IL Office Space for Rent

Search 71 office listings in Palatine, IL and find helpful local stats in the Market Overview section below.

800 East Northwest Hwy

800 East Northwest Hwy, Palatine, IL
Property

Office

136,603 SF
Availability

48 Spaces

83,922 SF
Year Built

1973
For Lease

$3.29 - $17.00/SF/YR
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2000-2060 East Algonquin Road

2000-2060 East Algonquin Road, Schaumburg, IL
Property

Office

100,500 SF
Availability

3 Spaces

22,450 SF
Year Built

1981
For Lease

$15.50/SF/YR
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Gateway Center

220 North Smith Street, Palatine, IL
Property

Office

101,827 SF
Availability

6 Spaces

29,677 SF
Year Built

2002
For Lease

$28.90/SF/YR
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50 North Brockway Street

50 North Brockway Street, Palatine, IL
Property

Office

41,343 SF
Availability

5 Spaces

4,924 SF
Year Built

1972
For Lease

$16.00 - $17.50/SF/YR
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600 N First Bank Drive

600 N First Bank Drive, Palatine, IL
Property

Office

17,304 SF
Availability

1 Space

7,000 SF
Year Built

1960
For Lease

$12.50/SF/YR
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110 North Brockway Street

110 North Brockway Street, Palatine, IL
Property

Office

40,000 SF
Availability

1 Space

4,916 SF
Year Built

2004
For Lease

$22.75 - $23.75/SF/YR
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800 East Northwest Hwy

800 East Northwest Hwy, Palatine, IL
Property

Office

136,603 SF
Availability Contact for availability
Year Built

1973
For Lease Contact for pricing
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4949 Euclid Ave

4949 Euclid Ave, Palatine, IL
Property

Office

11,440 SF
Availability

2 Spaces

6,000 SF
Year Built

1992
For Lease

$18.00 - $21.00/SF/YR
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1990 E. Algonquin Road

1990 E. Algonquin Road, Schaumburg, IL
Property

Office

25,484 SF
Availability

4 Spaces

10,290 SF
Year Built

1986
For Lease

$14.50/SF/YR
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1606 W Colonial Pky, Palatine, IL

1606 W Colonial Pky, Inverness, IL
Property

Office

6,060 SF
Availability

3 Spaces

6,060 SF
For Lease

$16.00/SF/YR
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Office Space Rents in Palatine, IL

Asking prices for office space in Palatine vary and are generally influenced by such factors as the property location, the building quality rating, and the proximity to amenities like restaurants, cafes, and entertainment venues, as well as how convenient access is to and from public transport, airports, and thoroughfares.

Most commonly, the cost in any location will first be influenced by the property class rating, which can be A, B, or C. For example, Palatine space rated Class A averages $24.77 per square foot. Meanwhile, Class B space in Palatine asks $19.86 per square foot, on average.

Overall, the average rent for office space in Palatine is $21.44 per square foot. Meanwhile, the minimum rental rate in Palatine is $12.5 per square foot.

Average Office Rents by Property Class in Palatine vs Illinois

Palatine Class A & A+ Office Space

$24.77

Illinois Class A & A+ Office Space

$33.01

Palatine Class B Office Space

$19.86

Illinois Class B Office Space

$25.97

Palatine Class C Office Space

Illinois Class C Office Space

$28.31

Top Locations to Rent Office Space in Palatine, IL

There is no one-size-fits-all answer as to what the best office space for rent location is in Palatine. The best neighborhood or submarket match for you will depend on what are the most relevant factors to your business and your employees. You will most likely need to consider what works best for the type of business you need space for, the size of your company, the employee demographics, and of course the company budget.

However, a good starting point for finding your best options is to look at the areas where there is a high concentration of office property listings. These areas are typically well-connected to a range of access routes and are also home to a variety of amenities that serve the convenience of both workers and visitors.

Key Factors to Consider when Choosing an Office Space for Rent in Palatine, IL

The quality of an office property can be judged based on subjective factors such as the prospective tenant’s preferred architecture style, the overall design of the surrounding area, as well as the amount and/or diversity of amenities available within a convenient distance.

Some quality factors, however, are considered to be mostly objective, and have been somewhat standardized as top things to consider when looking for a specific quality of space for your business. These include construction grade and building quality ratings, sustainability certifications, the total age or the property, as well as any renovation work that was done.

A local breakdown by property class shows that about 11.38% of total office space listings in Palatine are in properties rated class A. Class B space makes up 73.49% of total space available in Palatine. Class C space listed for rent locally accounts for 15.13% of total opportunities on the local leasing market.

If considering quality space by property age, the Palatine market is also a mixed bag in this respect. About 84.15% of local office properties were completed before the year 2000. Office space delivered in and since the year 2000 makes up 15.85% of the local market and adds up to a total of 141,827 square feet.

However, a certain age of completion of the original structure does not necessarily mean that a property is too old. Older properties are often considered to have excellent bones and are good subjects for adaptive reuse redevelopment or extensive renovation to modernize the interior space. With that in mind, you should consider that roughly 20% of all office properties here are buildings that have been renovated at least once since 2000.

Palatine, IL Office Space for Lease by Building Class

Class A
Class B
Class C

Palatine, IL Office Property By Year Built

1950 - 1975

1975 - 2000

After 2000

Finding Office Space for Rent in Palatine, IL Near You

If you have a certain point of interest in mind for renting an office in Palatine, it’s easy to navigate local leasing opportunities around it. Using our interactive search map, you can zoom in to your preferred location and then customize your search area around that specific point of interest by selecting “Radius” from the Search Mode options menu. Establish the center of your desired search area with one click on the map, and then expand the radius as much as you need to. Browse the resulting list of available office spaces for rent to find the best match for your location and other business needs.

Data was provided by CommercialEdge and refers to office properties at least 25,000 square feet in size. Prices shown reflect the average rate per square foot.

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Palatine, IL Office Space for Rent

800 East Northwest Hwy

2000-2060 East Algonquin Road

Gateway Center

50 North Brockway Street

600 N First Bank Drive

110 North Brockway Street

800 East Northwest Hwy

4949 Euclid Ave

1990 E. Algonquin Road

1606 W Colonial Pky, Palatine, IL

Office Space Rents in Palatine, IL

Average Office Rents by Property Class in Palatine vs Illinois

Top Locations to Rent Office Space in Palatine, IL

Key Factors to Consider when Choosing an Office Space for Rent in Palatine, IL

Palatine, IL Office Space for Lease by Building Class

Palatine, IL Office Property By Year Built

Finding Office Space for Rent in Palatine, IL Near You

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