Glenview, IL Office Space for Lease: 2026 Costs, Buildings and Rents

Data as of October 2026 | Last updated October 17, 2026

Net absorption was -600 SF over the past 12 months, available space takes 18 months on average to lease, and nothing new is under construction. Tenant Advisors, Inc. represents only tenants in Glenview and the North Suburbs office market, at no cost to tenants. Call (847) 778-0296.

Glenview is a tight, small-suite market where 70% of tenants renew. The leverage is in timing, so start 12 to 18 months out, before the good suites are spoken for.

Tom Koelzer, Co-Founder and Managing Partner, Tenant Advisors

Key Takeaways

• Vacancy is 23.1%, essentially unchanged from a year ago, across 521,000 SF.
• Class A asks about $36–$44/SF gross; Class B about $24–$32/SF.
• Availability, counting space coming available, is 23.2%.
• Net absorption was -600 SF over the past 12 months; about 19,300 SF was leased.
• Most available space in one building: ~43,000 SF (Prairie Glen Corporate Campus, 2700 Patriot Blvd.).

Glenview Office Market Facts and Figures

Tenant Advisors tracks multi-tenant office buildings of 5,000 SF and larger in Glenview, the competitive set where most tenants of 3,000 to 50,000 SF lease space. Owner-occupied buildings are excluded.

Metric	Glenview
Tracked buildings	12
Total inventory	521,000 SF
Vacancy rate	23.1% (23.0% one year ago)
Availability rate	23.2%
Net absorption, trailing 12 months	-600 SF
Space leased, trailing 12 months	19,300 SF
Class A asking rent	$36–$44/SF gross
Class B asking rent	$24–$32/SF gross
Free rent	1–2 months per lease year
Tenant improvement allowance	$35–$65/SF for full build-outs, 5+ year terms
Average months on market	18.4
Lease renewal rate, past 24 months	70%
Sublease space available	None listed
New construction	None
Most available space in one building	~43,000 SF (Prairie Glen Corporate Campus, 2700 Patriot Blvd.)

Figures reflect Tenant Advisors’ market tracking of multi-tenant office buildings 5,000 SF and larger in Glenview. Rents and concessions are Tenant Advisors’ tracked-transaction ranges, quoted full-service gross. Data is updated quarterly.

What Does Office Space Cost Per Month in Glenview?

A 5,000 SF office in Glenview costs about $15,000 to $18,350 a month in a Class A building and about $10,000 to $13,350 a month in Class B, before free rent. Those figures use Tenant Advisors’ tracked gross rents of $36 to $44/SF in Class A and $24 to $32/SF in Class B.

Office size	Class A, monthly ($36–$44/SF)	Class B, monthly ($24–$32/SF)
2,000 SF	$6,000–$7,350	$4,000–$5,350
5,000 SF	$15,000–$18,350	$10,000–$13,350
10,000 SF	$30,000–$36,650	$20,000–$26,650

Monthly rent before free rent and improvement allowances. Gross rent generally includes real estate taxes and building operating expenses.

Gross rent is not always the whole bill. Ask each landlord about:

• In-suite electricity, which some buildings bill separately.
• Operating expense and tax increases over the base year, which a cap can limit.
• After-hours heating and cooling charges.
• Build-out costs above the improvement allowance, plus cabling, furniture and moving.

Is Glenview Office Space Filling Up or Emptying Out?

Flat. Glenview’s occupied space was essentially unchanged over the past year, and vacancy held at about 23%. Tenants leased about 19,300 SF. Space leases in about 18 months on average, faster than most North Suburbs cities, and no sublease space is listed right now.

What Are the Notable Office Buildings in Glenview?

Building	Address	Size (SF)	Built	Class	% Leased	Available (SF)
Prairie Glen Corporate Campus	2700 Patriot Blvd.	119,692	2001	B	75%	42,513
2651 Compass Rd.	2651 Compass Rd.	62,173	2012	B	42%	36,074
2350 Ravine Way	2350 Ravine Way	60,354	2001	B	86%	8,356
800 Waukegan Rd.	800 Waukegan Rd.	55,727	1972	B	94%	3,200
Glenview Medical Office Building	2401 Ravine Way	46,875	2000	B	92%	3,743
1245-1247 Milwaukee Ave.	1245-1247 Milwaukee Ave.	37,500	1984	B	47%	19,773
2601 Compass Rd.	2601 Compass Rd.	35,803	2009	A	100%	1,530
Prairie Glen Medical Office Building A	2501 Compass Rd.	30,000	2003	B	94%	1,868
1775 Glenview Rd.	1775 Glenview Rd.	22,378	1963	B	94%	1,418
4200-4240 Commercial Way	4200-4240 Commercial Way	20,000	1970	C	84%	3,125

Available SF includes direct and sublease space, including space coming available. Tenant Advisors market tracking, October 2026.

The Glen

Seven buildings on Patriot Boulevard, Compass Road, Ravine Way and DiPaolo Center total about 371,000 SF, built 1985 to 2012, and are about 77% leased with about 101,000 SF available. Prairie Glen Corporate Campus at 2700 Patriot Boulevard (120,000 SF) is about 75% leased with about 43,000 SF available, and 2651 Compass Road (62,000 SF) is about 42% leased.

Medical office

Glenview Medical Office Building (2401 Ravine Way) and Prairie Glen Medical Office Building A (2501 Compass Rd.) are each about 92% to 94% leased. Medical-capable suites move quickly.

Older corridors

Buildings on Waukegan Road, Milwaukee Avenue and Glenview Road total about 149,000 SF and are about 78% leased. 1245–1247 Milwaukee Avenue is about 47% leased.

Which Glenview Buildings Fit Small and Large Tenants?

Small tenants do best in buildings with suites already built out, while companies needing a full floor or more should start with the buildings carrying the largest vacant blocks. Use this as a starting list; actual suites change month to month.

Space needed	Where to start looking	Why
Under 5,000 SF	800 Waukegan Rd., 2350 Ravine Way, 2601 Compass Rd.	Well-leased buildings where small suites turn over
5,000–20,000 SF	1245-1247 Milwaukee Ave., 2651 Compass Rd.	Partial floors with 20,000 to 36,000 SF available
20,000 SF and up	Prairie Glen Corporate Campus	The largest block in Glenview, about 42,500 SF

Is There Sublease Office Space in Glenview?

Not right now. No sublease office space is listed in Glenview’s multi-tenant buildings, so tenants are choosing among direct deals. Sublease space in nearby cities is worth a look for short-term needs.

How Does Glenview Compare With Other North Suburbs Cities?

City	Vacancy	Year ago	12-mo net absorption (SF)	Inventory	Sublease SF	Asking rent, gross
Deerfield	34.5%	24.1%	-310,000	3.0M SF	201,000	A $36–$44; B $24–$32
Northbrook	20.0%	20.8%	+21,300	2.7M SF	171,000	A $36–$44; B $24–$32
Lincolnshire	62.4%	59.6%	-62,600	2.3M SF	104,000	A $36–$44; B $24–$32
Skokie	34.0%	35.3%	+28,900	2.2M SF	82,200	A $36–$44; B $24–$32
Evanston	23.6%	21.7%	-33,700	1.8M SF	10,800	A $36–$44; B $24–$32
Libertyville	36.3%	33.3%	-41,800	1.4M SF	38,700	A $36–$44; B $24–$32
Buffalo Grove	37.2%	40.6%	+45,700	1.4M SF	39,500	A $36–$44; B $24–$32
Lake Forest	29.7%	26.3%	-38,000	1.1M SF	106,000	A $36–$44; B $24–$32
Bannockburn	38.7%	41.6%	+24,900	862,000 SF	27,400	A $36–$44; B $24–$32
Vernon Hills	38.0%	34.5%	-25,400	732,000 SF	0	A $36–$44; B $24–$32
Highland Park	13.6%	14.7%	+7,100	639,000 SF	3,400	A $36–$44; B $24–$32
Glenview	23.1%	23.0%	-600	521,000 SF	0	A $36–$44; B $24–$32
Northfield	26.5%	31.3%	+17,800	369,000 SF	0	A $36–$44; B $24–$32

Tenant Advisors market tracking, multi-tenant office buildings 5,000 SF and larger, October 2026. Rents are Tenant Advisors’ tracked-transaction figures per SF per year.

Should You Lease, Sublease or Use Coworking in Glenview?

Lease direct if you need space for three years or more, sublease if you want built-out space at a discount and the remaining term fits, and use coworking only for small teams that need flexibility for a year or less. No sublease space is listed in the Glenview buildings Tenant Advisors tracks right now, so direct space is the main option.

	Direct lease	Sublease	Coworking
Typical term	3 to 10 years	Whatever remains on the original lease	Month to month up to 1–2 years
Cost	Market rent, with free rent and an improvement allowance	Usually below direct rent	Priced per desk or office; usually the highest cost per SF
Build-out	Custom, funded largely by the landlord	As-is, often furnished	Ready to use
Watch out for	Committing to more space than you need	Landlord consent and the short remaining term	Rate increases at renewal and limited privacy

Where Is the Leverage in Glenview Right Now?

In the larger blocks at The Glen and in timing. About 70% of tenants with expiring leases renewed over the past two years, the highest rate of any North Suburbs city Tenant Advisors tracks, so landlords expect renewals. Starting early and pricing Northbrook and Skokie alternatives is what moves them. See our renewal vs. relocation analysis and lease renewal negotiation services.

What Should Tenants Negotiate on a Glenview Office Lease in 2026?

• Rent: target effective rent after concessions, not the asking rate.
• Free rent: 1 to 2 months per year of lease term, or 5 to 10 months on a 5-year lease.
• Tenant improvement allowance: $35–$65/SF for full build-outs on 5+ year terms. Get build-out pricing before you negotiate this number.
• Operating expense caps: 4% to 6% annually on controllable expenses.
• Flexibility: expansion, contraction and sublease rights, negotiated upfront.
• Parking: included in rent for the full term with no separate escalation.

How Does Tenant Advisors Find and Tour Space in Glenview?

We build a shortlist from every building in Glenview that fits your size, budget and timing, tour the best options in one block, and negotiate with several landlords at once. The landlord pays our fee, so there is no cost to tenants.

1. Requirements call: size, budget, move date and must-haves.
2. Building survey: every option that fits, including sublease space, with rents and availability.
3. Tours: your top choices scheduled back to back.
4. Competing proposals: requests to three or more landlords, compared side by side on net effective cost.
5. Negotiation and lease review alongside your attorney through signing and move-in.

Why Do Companies Lease Office Space in Glenview?

Glenview offers Edens (I-94) and Tri-State (I-294) access and Metra Milwaukee District North service at the Glenview and Golf stations. Illinois Tool Works is headquartered here, and financial, professional services and medical firms make up most of the multi-tenant base. Companies comparing locations usually look at Northbrook, Northfield and Skokie as well.

Frequently Asked Questions

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About the authors: Tom Koelzer (Co-Founder & Managing Partner, LinkedIn) and Dave Ven Horst (Co-Founder & Managing Broker, LinkedIn) founded Tenant Advisors, Inc. in 2004. Both have worked in Chicago office leasing since 1986, and the firm has negotiated more than 2,000 office leases, representing tenants only. Benchmark your Glenview lease against the market: (847) 778-0296 | tkoelzer@tenantadvisors.com.

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