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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

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 $1.25 / SF 35
Bolingbrook 3,400 $1.18 / SF 36
Boystown 1,000 $1.87 / SF < 30
Central Loop 2,500 $2.81 / SF 1,121
Chinatown 4,300 $1.12 / SF < 30
Cicero 5,900 $0.90 / SF < 30
Darien 2,500 $1.51 / SF 436
Des Plaines 2,300 $1.42 / SF 68
Downers Grove 4,000 $1.57 / SF < 30
East Loop 2,400 $2.84 / SF 506
East-West Corridor 2,700 $1.59 / SF 432
Elgin 1,900 $1.21 / SF 102
Elk Grove Village 2,600 $1.70 / SF 439
Evanston 1,200 $2.13 / SF 107
Fulton Market 3,900 $2.40 / SF 263
Glen Ellyn 1,600 $1.34 / SF 160
Goose Island 4,300 $2.14 / SF 77
Joliet 600 $1.51 / SF < 30
Lake View East 2,300 $3.89 / SF < 30
Lake Zurich 1,300 $1.37 / SF < 30
Lincoln Park 2,600 $2.81 / SF 88
Little Italy 8,600 $1.26 / SF < 30
Magnificent Mile 2,000 $2.43 / SF 435
McKinley Park 4,500 $1.47 / SF < 30
Mokena 3,800 $1.39 / SF < 30
Mount Prospect 1,500 $1.30 / SF 282
Naperville 2,200 $1.52 / SF 466
New East Side 2,800 $2.91 / SF 2,000
Niles 1,900 $1.60 / SF 505
North Michigan Ave 2,400 $2.99 / SF 226
North West Suburbs 2,600 $1.65 / SF 871
O'Hare 2,500 $1.58 / SF 686
Oak Lawn 3,200 $4.14 / SF < 30
Oak Park 900 $2.91 / SF < 30
Old Town 4,800 $4.17 / SF < 30
Orland Park 2,000 $1.42 / SF 52
Plainfield 1,500 $1.23 / SF 30
Ranch Triangle 1,900 $2.21 / SF < 30
River North 2,500 $2.58 / SF 763
Rockford 2,400 $1.20 / SF 75
Romeoville 3,400 $1.11 / SF 43
Rosemont 1,900 $2.21 / SF < 30
Schaumburg 3,100 $1.55 / SF 461
Shorewood 1,100 $1.42 / SF 32
Streamwood 1,700 $1.27 / SF 215
Streeterville 2,100 $2.65 / SF 544
University Village 8,600 $1.26 / SF < 30
Uptown 8,600 $1.26 / SF < 30
West Loop 5,700 $3.16 / SF 476
Western Suburbs 2,000 $1.54 / SF 971
Westmont 1,900 $1.51 / SF 150
Wheaton 2,500 $1.59 / SF 569
Woodridge 2,800 $1.64 / SF 348
*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.

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Chicago Office Location

Chicago

363 W Erie St, Suite 135
Chicago, IL 60654
Phone: (312) 525-8480
Email: contactChicago@tenantbase.com
License #478.027177




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