Figures

Chicago Suburban Office Figures Q4 2025

January 12, 2026 10 Minute Read

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  • The Chicago suburbs closed Q4 2025 with a positive net absorption of 142,389 SF, following a strong leasing cycle at the beginning of the year. Moves attributing to this absorption are Cour Pharmaceuticals which occupied a 47,277 SF new lease at 710 Clark St, Power Home Remodel Group which occupied a 31,404 SF new lease at 17W110 22nd St, and Illinois Bone & Joint which occupied a 17,361 SF expansion at 250 S Northwest Hwy.

 

  • In Q4 2025 the direct office vacancy rate stood at 28.2%, a decrease of 20 basis points QOQ (quarter-over-quarter). YOY (year-over-year) vacancy reflected a subtle increase, up 40 basis points from 27.8% in Q4 2024, but is up by 250 basis points from the end of 2023.

 

  • Class B led leasing for this quarter with 40% of the leasing volume while Class A performed slightly below expected, claiming 37% of the leasing volume. Notable Class B leases include: Fay Servicing signed 22,546 SF at 5600 N River Rd and CJBS singed 17,111 SF at 10 Parkway North Blvd.

 

  • Average asking rent was $26.26 / SF, down $0.18 since Q3 2025. The average Class A asking rates are $30.21, a 24% premium over Class B and 59% over Class C.