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

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

Net absorption was negative 92,000 SF over the past year, and nothing new is under construction. Tenant Advisors, Inc. represents only tenants in Rolling Meadows and the Northwest Suburbs office market, at no cost to tenants. Call (847) 778-0296.

Key Takeaways

• Vacancy is 41.2%, up 4.3 points in a year.
• 47.7% of tracked space is available, second only to Elgin among Northwest Suburbs cities.
• Continental Towers holds about 503,000 SF available across three Class A towers.
• Only about 27% of tenants renewed over the past two years.

Rolling Meadows Office Market Facts and Figures

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

Metric	Rolling Meadows
Tracked buildings	20
Total inventory	2.1 million SF
Vacancy rate	41.2% (36.9% one year ago)
Availability rate	47.7%
Net absorption, trailing 12 months	-92,000 SF
Space leased, trailing 12 months	129,000 SF
Class A asking rent	~$30/SF gross
Class B asking rent	~$19/SF gross
Free rent	1–1.5 months per lease year
Tenant improvement allowance	$6–$8/SF per lease year (Class A)
Average months on market	34.9
Lease renewal rate, past 24 months	27%
Sublease space available	None in tracked buildings
New construction	None
Most available space in one building	~216,000 SF (1600 Corporate Center, 1600 Golf Rd.)

Figures reflect Tenant Advisors’ market tracking of multi-tenant office buildings 5,000 SF and larger in Rolling Meadows. 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 Rolling Meadows?

A 5,000 SF office in Rolling Meadows costs about $12,500 a month in a Class A building and about $7,900 a month in Class B, before free rent. Those figures use Tenant Advisors’ tracked gross rents of about $30/SF in Class A and about $19/SF in Class B.

Office size	Class A, monthly ($30/SF)	Class B, monthly ($19/SF)
2,000 SF	about $5,000	about $3,150
5,000 SF	about $12,500	about $7,900
10,000 SF	about $25,000	about $15,850

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 Rolling Meadows Office Space Filling Up or Emptying Out?

Emptying out. Rolling Meadows lost 92,000 SF of occupied space over the past year after roughly breaking even the year before, and vacancy rose 4.3 points. Tenants leased 129,000 SF, but move-outs outpaced it. More than 1 million SF is available in 20 buildings.

What Are the Notable Office Buildings in Rolling Meadows?

Building	Address	Size (SF)	Built	Class	% Leased	Available (SF)
Continental Towers (3 towers)	1701 Golf Rd.	854,940	1978–1982	A	47%	503,036
3501 Algonquin Rd.	3501 Algonquin Rd.	362,967	1988	B	64%	129,672
1600 Corporate Center	1600 Golf Rd.	256,238	1988	B	68%	215,959
Crossroads Center	3701 Algonquin Rd.	193,094	1980	B	84%	31,678
Crossroads Executive Centre	3601 Algonquin Rd.	152,680	1973	C	74%	51,284
3315 Algonquin Rd.	3315 Algonquin Rd.	74,191	1975	B	34%	49,334
Vanguard Office Center	5105 Tollview Dr.	49,978	1969	C	64%	21,770
Algonquin Business Center	2775 Algonquin Rd.	31,923	1972	B	93%	2,301
Rohlwing Road offices (6 buildings)	1835–1941 Rohlwing Rd.	81,726	1980	B/C	71%	23,616

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

Continental Towers, 1701 Golf Road

Three 12-story Class A towers totaling about 855,000 SF, built 1978 to 1982, with a shared amenity center. The complex is about 47% leased, with roughly 503,000 SF available, about half of all available office space in Rolling Meadows. It offers big-building amenities at below-Schaumburg rents. Any lease here should protect build-out funding and services through a change in ownership.

1600 Corporate Center and 3501 Algonquin Road

Two large Class B buildings of about 256,000 SF and 363,000 SF. 1600 Corporate Center has about 216,000 SF available including space coming available, the largest single block in town.

Crossroads, Algonquin Road

Crossroads Center and Crossroads Executive Centre total about 346,000 SF and are about 80% leased, among the better-leased larger buildings in Rolling Meadows.

Which Rolling Meadows 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	Algonquin Business Center, Rohlwing Road offices, Vanguard Office Center	Smaller buildings with small suites and lower rents
5,000–20,000 SF	Crossroads Center, Crossroads Executive Centre, 3315 Algonquin Rd.	Partial floors with room to negotiate
20,000 SF and up	Continental Towers, 1600 Corporate Center, 3501 Algonquin Rd.	The biggest blocks in Rolling Meadows; Continental Towers alone has about 500,000 SF available

Is There Sublease Office Space in Rolling Meadows?

Not in the 20 buildings Tenant Advisors tracks. With almost half the market available as direct space, tenants rarely need it. Tenants who want sublease options nearby usually look at Schaumburg, which has about 134,000 SF.

How Does Rolling Meadows Compare With Other Northwest Suburbs Cities?

City	Vacancy	Year ago	12-mo net absorption (SF)	Inventory	Sublease SF	Asking rent, gross
Schaumburg	33.1%	34.4%	+109,900	8.6M SF	134,400	A $34–$38; B $20–$24
Hoffman Estates	42.8%	43.9%	+36,100	3.2M SF	99,900	A $34–$38; B $19–$24
Arlington Heights	40.9%	37.8%	-53,100	1.8M SF	4,600	A ~$26; B ~$19
Rolling Meadows	41.2%	36.9%	-92,000	2.1M SF	0	A ~$30; B ~$19
Palatine	22.9%	21.6%	-7,800	589,000 SF	0	~$19.50 average
Barrington	66.0%	65.0%	-6,300	665,000 SF	0	A ~$30; B ~$18
Elgin	38.6%	38.1%	-12,700	2.1M SF	3,600	A ~$26; B ~$20
Itasca	25.4%	21.3%	-103,000	2.5M SF	43,300	A $24–$28; B $19–$24

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 Rolling Meadows?

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 Rolling Meadows 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 Rolling Meadows Right Now?

Almost everywhere. Almost half of Rolling Meadows’ tracked space is available, and only about 27% of tenants with expiring leases renewed over the past two years, so most landlords are replacing tenants rather than keeping them. Owners with large vacancies compete on rent, free rent and build-out dollars. Rolling Meadows also competes with Schaumburg and Arlington Heights for the same tenants.

What Should Tenants Negotiate on a Rolling Meadows Office Lease in 2026?

• Rent: target effective rent after concessions, not the asking rate.
• Free rent: 1 to 1.5 months per year of lease term, or 5 to 7.5 months on a 5-year lease.
• Tenant improvement allowance: $6 to $8/SF per year of lease term in Class A ($30 to $40/SF on a 5-year lease) and about $3 to $6/SF per year in Class B. Get build-out pricing before you negotiate this number.
• Ownership protection: a non-disturbance agreement and build-out funding that survive a sale or foreclosure.
• 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 Rolling Meadows?

We build a shortlist from every building in Rolling Meadows 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 Rolling Meadows?

Rolling Meadows sits at the I-90 and Route 53 junction on the Golf Road corridor, minutes from Woodfield and about 25 minutes from O’Hare. It offers Class A buildings with fitness, conferencing and food service at rents below Schaumburg. Healthcare, professional services, technology, financial services and insurance firms make up most of the tenant base. For the full market picture, see our Northwest Suburbs office market page.

Frequently Asked Questions

---

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 Rolling Meadows lease against the market: (847) 778-0296 | tkoelzer@tenantadvisors.com.

Explore Nearby Office Markets

Northwest Suburbs office market • Schaumburg office space • Arlington Heights office space • Palatine office space • All Chicago suburban office markets