Downers Grove, Illinois
Real Estate Market
"Macho Man" Randy Savage graduated from high school here... Ohhhh yeahhh
Founded by Pierce Downer in 1832. Trust me, it's not a "downer" to be here. Plus, it's "apostrophe-free"!
Fun Facts About Downers Grove!
Butterball is headquartered here. Thanks for all those Thanksgiving turkeys!
Downers Grove, Illinois Office Space Market
Downers Grove has a nice geographic position relative to its high profile area neighbors - Oak Brook and Naperville. Access to the office market here is convenient. You'll find much of the available 1.2 million square feet of office space nestled in around I-355 Tollway, I-88 Tollway and the heavily trafficked thoroughfare Butterfield Road.
The ever-changing downtown center of Downers Grove offers up some nice options for office space too. Tons of new condo and apartment developments in the area provide solid walk-to-work options for your team members. There's also some quality places for refreshments sprinkled throughout the downtown area, making after work happy hour an easy decision.
Looking to lease office space in Downers Grove? Expect to see ask rates around $15 - $20 per square foot depending on your use type and building class.
Need help finding and securing Office Space for lease in Downers Grove?
Downers Grove, Illinois Industrial Space Market
Not a ton of options for industrial space in Downers Grove, but it isn't non-existent. Most of what you'll find is situated just off of Belmont Road on the western edge of town. Good location for the industrial space here as it is close to I-355 Tollway. Though, there is news of future development coming - read about it here.
Ask rates are generally around $8 - $12 per square foot. Of course, it depends on the class of building and your lease type.
In total, there is roughly 500,000 square feet of industrial space in Downers Grove.
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Downers Grove, Illinois
Retail Space Market
Retail in Downers Grove? You've got options. Ogden Avenue which runs east-west along the northern edge of town offers some good drive-by visibility in a number of stand alone and strip center properties. If you find retail space on Ogden, you'll join what appears to be the largest collection of car dealerships in the world. Not kidding...
Can't get enough of the Downers Grove downtown area... You've got a train stop, bars and restaurants and tons of condos and apartments. All good recipes for a successful retail operation. Worried about parking? There's parking garages and a fair amount of street parking available.
On the south edge of town, you'll find the traditional shopping center developments with a few big box anchors and supporting retail shops.
Lease rates vary by location, but average between $14 - $18 per square foot.
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Last Update: 1/9/18