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Renting Office Space in Chicago

River North and the West Loop feature some of the most enviable office locations in Chicago. The office space in River North is primarily Class A+, loft space, and coworking space that averages 5,000 SF. Median rents are approximately $35/SF in older buildings as much of the new construction focuses on low to mid-rise, high-end residential properties. There is also a growing availability of first-floor retail space in much of the new construction. West End properties feature office space that ranges from smaller facilities to expansive 500,000 SF spaces. Rents average $40 SF for older properties and $75 SF gross for higher-end newer construction. Price points have risen dramatically in the last few years as vacancy rates have dwindled down to single digits. Parking in this professional area is in-building and runs expensive relative to other areas in Chicago.

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Popular Office Space in the Chicago Market

Main St

850 – 4,646 SF

$800 – $9,100 /mo

General

Lisle Executive Center

219 – 48,535 SF

- /mo

Coworking General

Private Offices @ 444 N Wabash Ave

50 – 2,300 SF

$100 – $189,300 /mo

Coworking Creative Flex General

N 3rd St

274 – 302 SF

$500 – $600 /mo

General

Deerpath Atrium

450 – 77,646 SF

$600 – $97,100 /mo

Flex General

S Washington St

935 SF

$1,600 /mo

General

Fox Valley Executive Center

245 – 11,637 SF

$600 – $17,000 /mo

General

Spaces S Michigan Avenue

54 – 1,292 SF

$100 – $2,800 /mo

Coworking

The 744

200 – 2,000 SF

$600 – $5,700 /mo

General

Boulevard Plaza

800 – 1,605 SF

$800 – $1,600 /mo

General

W 79th St

6,130 SF

$6,100 /mo

General

Broadway

724 – 62,000 SF

$1,200 – $103,300 /mo

General

Leasing Highland Office Building

150 SF

$600 /mo

General

NBC Tower

1,068 – 22,902 SF

- /mo

General

Boeing Building

2,853 – 44,296 SF

- /mo

General

Suite Rates in Chicago

Suite Sizes in Chicago

Neighborhood Comparison

Neighborhood	Average Available SQFT	Average Rate / SQFT PER Month	NUMBER OF AVAILABLE SUITES
Aurora	1,700	$1.56 / SF	73
Bolingbrook	2,500	$1.37 / SF	45
Boystown	1,200	-	< 30
Central Loop	2,000	$2.41 / SF	1,054
Chinatown	3,200	$1.83 / SF	< 30
Cicero	6,900	$1.08 / SF	< 30
Darien	2,300	$1.53 / SF	499
Des Plaines	1,200	$1.37 / SF	< 30
Downers Grove	2,900	$1.44 / SF	< 30
East Loop	1,500	$2.82 / SF	644
East-West Corridor	2,500	$1.59 / SF	508
Elgin	2,000	$1.22 / SF	77
Elk Grove Village	2,600	$1.73 / SF	373
Evanston	1,200	$2.08 / SF	146
Fulton Market	3,100	$2.14 / SF	305
Glen Ellyn	2,000	$1.24 / SF	124
Goose Island	2,900	$2.55 / SF	83
Joliet	900	$1.51 / SF	43
Lake View East	1,200	$1.67 / SF	< 30
Lake Zurich	1,200	$1.47 / SF	< 30
Lincoln Park	1,500	$2.32 / SF	97
Little Italy	-	-	< 30
Magnificent Mile	2,100	$2.24 / SF	409
McKinley Park	3,300	$1.56 / SF	30
Mokena	4,500	$1.39 / SF	31
Mount Prospect	1,900	$1.46 / SF	216
Naperville	2,200	$1.49 / SF	486
New East Side	2,100	$2.63 / SF	1,923
Niles	1,900	$1.64 / SF	488
North Michigan Ave	2,000	$1.87 / SF	286
North West Suburbs	2,300	$1.67 / SF	764
O'Hare	2,200	$1.74 / SF	583
Oak Lawn	16,000	$1.15 / SF	< 30
Oak Park	1,000	$2.00 / SF	41
Old Town	4,600	$2.47 / SF	< 30
Orland Park	1,800	$1.43 / SF	72
Plainfield	2,400	$1.25 / SF	39
Ranch Triangle	2,100	$2.67 / SF	< 30
River North	2,300	$2.30 / SF	817
Rockford	1,800	$0.97 / SF	79
Romeoville	2,600	$1.33 / SF	43
Rosemont	2,100	$2.67 / SF	< 30
Schaumburg	2,100	$1.57 / SF	493
Shorewood	1,100	$1.52 / SF	57
Streamwood	1,300	$1.25 / SF	216
Streeterville	2,100	$2.27 / SF	615
University Village	-	-	< 30
Uptown	-	-	< 30
West Loop	3,400	$2.46 / SF	469
Western Suburbs	2,000	$1.55 / SF	1,068
Westmont	1,900	$1.53 / SF	173
Wheaton	2,600	$1.56 / SF	582
Woodridge	2,600	$1.61 / SF	408

*All data is from sources we deem reliable and is tracked to provide tenants an understanding of market and submarket conditions, however we cannot guarantee accuracy and all data should be confirmed prior to any use in the lease or purchase of real property.