Project BalanceOffice market survey · July 2026

Project Balance · July 2026

Office market
survey, north Chicago

Thirty-two buildings in the Central North submarket, measured against the requirement and the commute of 157 employees.

15 Class A17 Class B 11 municipalitiesIncumbent: 3781 Bur Wood Dr, Waukegan
2100 E Lake Cook Rd, Buffalo Grove
275 N Field Dr, Lake Forest
1751 Lake Cook Rd, Deerfield
32Buildings surveyed
270+Photographs and floor plans
$19.74Lowest asking gross rent per SF
$38–39Highest asking gross rent per SF
32 buildings
A-1 Class A 1910 & 1950 Innovation Way, Libertyville

1910 & 1950 Innovation Way

Libertyville · Central North
Largest space61,457 SF
Asking gross$28.00 | $30.00
Built1992 / 2017
Conferencing facilitiesFitness centerFood services+2 more
View building→
A-2 Class A 275 N Field Dr, Lake Forest

275 N Field Dr

Lake Forest · Central North
Largest space29,141 SF
Asking gross$37.30
Built1989
Fitness centerBalconyFood service+4 more
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A-4 Class A 100 & 150 N Field Dr, Lake Forest

100 & 150 N Field Dr

Lake Forest · Central North
Largest space40,232 SF
Asking gross$36.37
Built1986
Executive heated underground parkingFitness centerConferencing facility+1 more
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A-5 Class A 100 S Saunders Rd, Lake Forest

100 S Saunders Rd

Lake Forest · Central North
Largest space44,041 SF
Asking gross$31.51
Built1999
Fitness centerFood serviceNature preserve adjacent to building
View building→
A-6 Class A 1 Corporate Dr, Lake Zurich

1 Corporate Dr

Lake Zurich · Central North
Largest space31,025 SF
Asking gross$33.75
Built1971
Conference facilityDay careFitness center+2 more
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A-7 Class A 3000 Lakeside Dr, Bannockburn

3000 Lakeside Dr

Bannockburn · Central North
Largest space28,191 SF
Asking gross$33.8
Built2001
Conferencing facilityCourtyardRaised floor system+2 more
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A-8 Class A 2275 Half Day Rd, Bannockburn

2275 Half Day Rd

Bannockburn · Central North
Largest space46,785 SF
Asking gross$23.00
Built1978 / 2013
AtriumBankingConferencing facility+2 more
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A-10 Class A 9 Parkway Blvd N, Deerfield

9 Parkway Blvd N

Deerfield · Central North
Largest space27,139 SF
Asking gross$33.65
Built2002
85 acres of landscaped campus with outdoor seatingMultiple ponds and more than two miles of activity trails
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A-11 Class A 4 Parkway Blvd N, Deerfield

4 Parkway Blvd N

Deerfield · Central North
Largest space35,237 SF
Asking gross$38 – 39
Built1998
100-person conference facilityHeated parking garageTenant lounge+2 more
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A-12 Class A 2100 E Lake Cook Rd, Buffalo Grove

2100 E Lake Cook Rd

Buffalo Grove · Central North
Largest space23,265 SF
Asking gross$33.09
Built1998
Conferencing facilityFood serviceFitness center+1 more
View building→
A-14 Class A 1751 Lake Cook Rd, Deerfield

1751 Lake Cook Rd

Deerfield · Central North
Largest space35,686 SF
Asking gross$32.45
Built1989
Fitness centerFood serviceConference facility
View building→
A-15 Class A 400 Skokie Blvd, Northbrook

400 Skokie Blvd

Northbrook · Central North
Largest space34,090 SF
Asking gross$36.64
Built1987
Food serviceConferencing facilitySignage+3 more
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B-2 Class B 600 N Field Dr, Lake Forest

600 N Field Dr

Lake Forest · Central North
Largest space40,000 SF
Asking gross$19.74
Built2000
Fitness centerSignageFood service+2 more
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B-4 Class B 544 Lakeview Pkwy, Vernon Hills

544 Lakeview Pkwy

Vernon Hills · Central North
Largest space38,090 SF
Asking gross$24.42
Built1994
Fitness centerFood serviceConference center+3 more
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B-5 Class B 75 N Fairway Dr, Vernon Hills

75 N Fairway Dr

Vernon Hills · Central North
Largest space49,181 SF
Asking gross$24.76 – 26.76
Built1996
Cafeteria/food operation with seating / multi-purpose areaOutdoor patio
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B-6 Class B 475 Half Day Rd, Lincolnshire

475 Half Day Rd

Lincolnshire · Central North
Largest space29,368 SF
Asking gross$26.87
Built1998
Fitness centerConference roomGrab and go cafe
View building→
B-7 Class B 111 Barclay Blvd, Lincolnshire

111 Barclay Blvd

Lincolnshire · Central North
Largest space20,105 SF
Asking gross$24.34
Built1984
Conferencing facilityFood court
View building→
B-9 Class B 2345 Waukegan Rd, Bannockburn

2345 Waukegan Rd

Bannockburn · Central North
Largest space36,358 SF
Asking gross$29.00
Built1987
AtriumConference facilityEnergy Star labeled+6 more
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B-11 Class B 1 Overlook Pt, Lincolnshire

1 Overlook Pt

Lincolnshire · Central North
Largest space37,668 SF
Asking gross$27.60
Built1989
Conferencing facilityFitness centerFood service+2 more
View building→
B-13 Class B 1717 Deerfield Rd, Deerfield

1717 Deerfield Rd

Deerfield · Central North
Largest space47,810 SF
Asking gross$24.50
Built1986 /2021
Fitness centerTenant loungeAtrium+1 more
View building→
B-14 Class B 1 Parkway Blvd N, Deerfield

1 Parkway Blvd N

Deerfield · Central Nort
Largest space46,763 SF
Asking gross$32.73
Built1986
Surrounded by 85 acres of landscaped campus with outdoor seatingMultiple pondsAnd more than two miles of activity trails
View building→
B-15 Class B 1650 Lake Cook Rd, Deerfield

1650 Lake Cook Rd

Deerfield · Central North
Largest space26,160 SF
Asking gross$29.12
Built1995
Fitness centerDay careUnderground parking+2 more
View building→
B-17 Class B 1161 Lake Cook Rd, Deerfield

1161 Lake Cook Rd

Deerfield · Central North
Largest space21,206 SF
Asking gross$25.00 Modified Gross
Built1986
24 hour accessReceptionAir conditioning+3 more
View building→

At a glance

All thirty-two buildings, side by side

Sort any column to test the trade-off between class, footprint and rent. Every figure is quoted exactly as it appears in the July 2026 survey.

Ref Building City Class Building size Largest quoted space Asking gross rent Available Employee drive time
A-1 1910 & 1950 Innovation Way Libertyville A 345,550 SF | 340,550 SF 61,457 SF $28.00 / SF | $30.00 / SF Immediately —
A-2 275 N Field Dr Lake Forest A 197,527 SF 29,141 SF $37.30 / SF Immediately 25.9 Minutes + 2.7 Minutes
A-3 26125 N Riverwoods Blvd Mettawa A 159,707 27,821 SF $33.51 / SF Immediately —
A-4 100 & 150 N Field Dr Lake Forest A 105,000 SF | 120,354 SF 40,232 SF $36.37 / SF Immediate —
A-5 100 S Saunders Rd Lake Forest A 162,816 SF 44,041 SF $31.51 / SF Immediately —
A-6 1 Corporate Dr Lake Zurich A 357,591 SF 31,025 SF $33.75 / SF Immediately 27.1 Minutes + 3.9 Minutes
A-7 3000 Lakeside Dr Bannockburn A 206,143 SF 28,191 SF $33.8 / SF Immediately —
A-8 2275 Half Day Rd Bannockburn A 134,000 SF 46,785 SF $23.00 / SF Immediately —
A-9 25 / 75 Tri State International Lincolnshire A 118,456 SF | 104,864 SF 118,456 SF $20 - $22 / SF Immediate —
A-10 9 Parkway Blvd N Deerfield A 160,000 SF 27,139 SF $33.65 / SF Immediately 29.3 Minutes + 6.1 Minutes
A-11 4 Parkway Blvd N Deerfield A 176,185 SF 35,237 SF $38 – 39 / SF Immediately —
A-12 2100 E Lake Cook Rd Buffalo Grove A 258,995 SF 23,265 SF $33.09 / SF Immediately —
A-13 520 - 540 Lake Cook Rd Deerfield A 375,799 SF 30,230 SF $38.22 / SF Immediately —
A-14 1751 Lake Cook Rd Deerfield A 247,367 SF 35,686 SF $32.45 / SF Immediate —
A-15 400 Skokie Blvd Northbrook A 215,633 SF 34,090 SF $36.64 / SF Immediately 32.3 Minutes + 9.1 Minutes
B-1 1500 S Lakeside Dr Bannockburn B 42,506 SF 42,506 SF $23.52 / SF Immediately 23.1 Minutes - 0.1 Minutes
B-2 600 N Field Dr Lake Forest B 137,498 SF 40,000 SF $19.74 / SF Immediately —
B-3 1900 W Field Ct Lake Forest B 268,000 SF 56,102 SF $24 / SF Immediately —
B-4 544 Lakeview Pkwy Vernon Hills B 143,737 SF 38,090 SF $24.42 / SF Immediately —
B-5 75 N Fairway Dr Vernon Hills B 189,686 SF 49,181 SF $24.76 – 26.76 / SF Immediately —
B-6 475 Half Day Rd Lincolnshire B 134,546 SF 29,368 SF $26.87 / SF Immediately —
B-7 111 Barclay Blvd Lincolnshire B 78,182 SF 20,105 SF $24.34 / SF Immediately —
B-8 300 Tri State International Lincolnshire B 158,984 SF 39,746 SF $30.19 / SF Immediately —
B-9 2345 Waukegan Rd Bannockburn B 108,974 SF 36,358 SF $29.00 / SF Immediately —
B-10 4 Overlook Pt Lincolnshire B 883,403 SF — $22.00 / SF Immediately —
B-11 1 Overlook Pt Lincolnshire B 206,626 SF 37,668 SF $27.60 / SF Immediately —
B-12 21925 W Field Pkwy Deer Park B 93,738 SF 47,334 SF $28.26 / SF Immediate —
B-13 1717 Deerfield Rd Deerfield B 147,096 47,810 SF $24.50 / SF Immediately —
B-14 1 Parkway Blvd N Deerfield B 274,006 SF 46,763 SF $32.73 / SF Immediately —
B-15 1650 Lake Cook Rd Deerfield B 129,177 SF 26,160 SF $29.12 / SF Immediately —
B-16 111 Deer Lake Rd Deerfield B 60,000 sf 26,737 SF $21.66 / SF Direct —
B-17 1161 Lake Cook Rd Deerfield B 21,206 SF 21,206 SF $25.00 / SF Modified Gross Immediately —

“Largest quoted space” selects the biggest single figure quoted under space offered for that building — it is a sorting aid, not a contiguity statement. Full, verbatim availability sits on each building page. Drive times are available only for the buildings included in the commute analysis.

Employee commute

Where the workforce already is

Drive-time analysis across the office population, measured from home postcodes to the incumbent building and to a set of example relocation options.

157Office employees
65Unique zip codes
23.2 minAverage drive time to 3781 Bur Wood Dr
5.03 milesExisting location to the employee centre of gravity

Change in drive time for example relocation options

AddressDrive timeChange from current
3781 Bur Wood Dr, Waukegan23.1 Minutes—
Centre of gravity22.3 Minutes- 0.8 Minutes
1500 S Lakeside Dr, Waukegan23.1 Minutes- 0.1 Minutes
275 N Field Dr, Lake Forest25.9 Minutes+ 2.7 Minutes
1 Corporate Dr, Lake Zurich27.1 Minutes+ 3.9 Minutes
9 Parkway N, Deerfield29.3 Minutes+ 6.1 Minutes
400 Skokie Blvd, Northbrook32.3 Minutes+ 9.1 Minutes
Employee density heat map by drive-time band
Employee density by drive-time band, with the centre of gravity marked.

Beyond the state line

Wisconsin options

Waukegan represents the far north office market of Chicago – there are very little office buildings North of Waukegan in Illinois, and none with availability to match our requirement. In Wisconsin, most of the office product begins when you get to the City of Milwaukee. There is very limited availability, only two options one in Racine and one in South Milwaukee. Additionally, potential BTS opportunity in Kenosha.

1220 Mound Ave, Racine

1220 Mound Ave

Racine · Class C
Space type
Flex / industrial with some office
Available
3rd Floor: 37,058 RSF
Gross rent
$8.00 - $10.00 per RSF
Commute
42 Minutes

Space is a mix of industrial flex space and office space

1100 Milwaukee Ave, South Milwaukee

1100 Milwaukee Ave

South Milwaukee · Class C
Space type
Office
Available
1st – 3rd Floor: 34,827 RSF
Gross rent
$14.00 per RSF
Commute
55.8 Minutes

Full building of existing condition old office space

Kenosha Harbor – BTS, Kenosha

Kenosha Harbor – BTS

Kenosha · Class A – build to suit
Space type
Office
Available
400,000 RSF building – size TBD
Gross rent
Rate TBD
Commute
32 Minutes

Build to suit opportunity in master development. Pricing would depend on what […]

Context

Chicago office submarket report, Q2 2026

Supply, demand and pricing for the submarkets containing the surveyed buildings. Select either page to read it full size.

Chicago office submarket report page, Q2 2026
Submarket report, Q2 2026 — page 1
Chicago office submarket report page, Q2 2026
Submarket report, Q2 2026 — page 2