1700 North Penny Lane — Lease in Schaumburg, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Commercial Property
  • Location: Schaumburg, IL 60173

Market Context

This warehouse distribution in Schaumburg, IL is listed for lease. Compare it against other warehouse distribution listings for lease in Schaumburg, IL — view the full market.

As of Q2 2026, the Chicago warehouse distribution market showed a 5.3% vacancy rate, and rents up 7.4% year over year. Source: multiple brokerage reports, Q2 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Warehouse distribution market FAQ

Is the Chicago warehouse distribution market tightening or softening?
Vacancy is around 5.3%, with asking rents rising year over year (Q2 2026).

Estimated Market Rate

$0.48/SF/mo – $0.66/SF/mo

Mid: $0.57/SF/mo

Contact the listing broker

This listing comes from the Cushman & Wakefield website. CREhunt does not pass messages to the broker. Contact the broker directly.

No broker contact on file. Look for this listing on the Cushman & Wakefield website.

Questions to ask the broker

This page does not show these details. The source may not publish them, or CREhunt may not have captured them.

  • What is the asking rent, and is it quoted per SF per month or per year?
  • Is the rent gross, modified gross or triple net (NNN)?
  • What is the current zoning, and does it allow my intended use?
  • How many parking spaces come with the property?
  • What lease term and renewal options are offered?

Explore this market

Similar Commercial Property for Lease in Illinois