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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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TenantBase is a technology enabled office space brokerage built specifically for tenants. We make the commercial office space search and lease process easier by combining our unique technology with experienced local commercial real estate advisors.

Popular Office Space in the Chicago Market

Suite Rates in Chicago

Suite Sizes in Chicago

Neighborhood Comparison

Neighborhood Average Available SQFT Average Rate / SQFT PER Month NUMBER OF AVAILABLE SUITES
Aurora 2,800 $1.22 / SF 40
Bolingbrook 1,300 $1.49 / SF < 30
Boystown 2,400 $3.47 / SF < 30
Central Loop 2,900 $2.89 / SF 965
Chinatown 4,300 $1.92 / SF 30
Cicero 2,000 - < 30
Darien 2,300 $1.74 / SF 387
Des Plaines 2,800 $1.62 / SF 41
Downers Grove 4,100 $1.38 / SF < 30
East Loop 2,800 $2.51 / SF 570
East-West Corridor 2,300 $1.88 / SF 420
Elgin 2,300 $1.38 / SF 116
Elk Grove Village 2,900 $1.93 / SF 437
Evanston 1,300 $1.38 / SF 133
Fulton Market 4,300 $2.65 / SF 179
Glen Ellyn 1,800 $1.41 / SF 114
Goose Island 1,700 $2.41 / SF 36
Joliet 800 $1.31 / SF 39
Lake View East 1,500 $2.35 / SF 38
Lake Zurich 1,400 $1.38 / SF < 30
Lincoln Park 1,700 $2.51 / SF 107
Little Italy - - < 30
Magnificent Mile 1,800 $2.74 / SF 296
McKinley Park 3,100 $1.28 / SF 34
Mokena 1,800 $1.21 / SF < 30
Mount Prospect 1,700 $1.22 / SF 281
Naperville 2,000 $1.82 / SF 400
New East Side 3,200 $2.79 / SF 1,914
Niles 1,700 $1.61 / SF 572
North Michigan Ave 1,900 $3.05 / SF 192
North West Suburbs 2,400 $1.75 / SF 904
O'Hare 2,800 $1.75 / SF 630
Oak Lawn 2,500 $1.36 / SF < 30
Oak Park 1,900 $2.16 / SF < 30
Old Town 2,000 $2.47 / SF < 30
Orland Park 1,600 $1.42 / SF 61
Plainfield 1,500 $0.98 / SF 42
Ranch Triangle 2,000 $2.37 / SF < 30
River North 2,300 $2.82 / SF 539
Rockford 2,300 $0.64 / SF 93
Romeoville 1,700 $1.33 / SF < 30
Rosemont 2,000 $2.37 / SF < 30
Schaumburg 2,600 $1.71 / SF 528
Shorewood 1,400 $1.27 / SF 64
Streamwood 2,200 $1.43 / SF 264
Streeterville 2,200 $2.82 / SF 369
University Village - - < 30
Uptown - - < 30
West Loop 5,200 $3.14 / SF 464
Western Suburbs 1,800 $1.69 / SF 938
Westmont 1,700 $1.52 / SF 179
Wheaton 2,500 $1.78 / SF 426
Woodridge 3,000 $1.90 / SF 307
*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.

Office Location & Team


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Chicago Office Location

Chicago

363 W Erie St, Suite 135
Chicago, IL 60654
Phone: (312) 953-8490
Email: contactChicago@tenantbase.com
License #478.027177




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