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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.

About TenantBase

Name: TenantBase
Address: 363 W Erie St, Suite 135, Chicago, IL, 60654
Telephone: (312) 525-8480

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

Karl Ct

3,000 SF

$2,100 /mo

Flex Warehouse

W Colonial Pkwy

156 – 305 SF

$400 – $800 /mo

Coworking General

Franklin St

1,510 – 2,440 SF

$2,300 /mo

General Storefront

S 2nd Ave

275 – 5,700 SF

$600 /mo

General

Fox Valley Executive Center

257 – 2,320 SF

$500 – $4,300 /mo

General

CoWorking at 1 W Monroe

50 – 400 SF

$200 – $1,700 /mo

Coworking

CoWorking at 600 W Jackson Blvd

50 – 500 SF

$300 – $1,700 /mo

Coworking

The Cannery

1,467 – 20,863 SF

$2,200 – $35,600 /mo

General

Offices & Coworking at 1 South Wacker Drive

40 – 150 SF

$100 – $2,200 /mo

Coworking

CoWorking at 444 N Wabash Ave

50 – 8,612 SF

$300 – $189,300 /mo

Coworking Creative

Aon Center

4,489 – 34,868 SF

$13,200 – $132,200 /mo

General

W State St

1,754 – 23,270 SF

$3,500 /mo

General Storefront

W 143rd St

4,000 – 32,720 SF

$6,700 – $53,900 /mo

General

McDonald Rd

1,244 – 1,790 SF

$2,000 – $2,900 /mo

General Medical

S 3rd St

900 SF

$1,600 /mo

General Medical

Suite Rates in Chicago

Suite Sizes in Chicago

Neighborhood Comparison

Neighborhood	Average Available SQFT	Average Rate / SQFT PER Month	NUMBER OF AVAILABLE SUITES
Aurora	2,600	$1.20 / SF	55
Bolingbrook	3,300	$1.44 / SF	34
Boystown	1,900	$2.00 / SF	< 30
Central Loop	2,900	$3.05 / SF	897
Chinatown	4,200	$1.61 / SF	< 30
Cicero	5,900	$2.00 / SF	< 30
Darien	2,500	$1.65 / SF	468
Des Plaines	3,200	$1.74 / SF	51
Downers Grove	3,400	$1.21 / SF	< 30
East Loop	2,600	$2.62 / SF	502
East-West Corridor	2,500	$1.82 / SF	456
Elgin	1,800	$1.31 / SF	129
Elk Grove Village	3,500	$1.80 / SF	430
Evanston	1,300	$1.86 / SF	102
Fulton Market	3,600	$2.98 / SF	244
Glen Ellyn	1,900	$1.37 / SF	201
Goose Island	3,400	$2.09 / SF	60
Joliet	1,600	$1.49 / SF	< 30
Lake View East	2,700	$1.82 / SF	< 30
Lake Zurich	1,500	$1.42 / SF	< 30
Lincoln Park	2,300	$2.26 / SF	119
Little Italy	-	-	< 30
Magnificent Mile	2,200	$2.76 / SF	357
McKinley Park	2,700	$1.28 / SF	35
Mokena	2,000	$1.08 / SF	36
Mount Prospect	2,200	$1.28 / SF	253
Naperville	2,400	$1.64 / SF	459
New East Side	3,000	$2.87 / SF	1,723
Niles	2,000	$1.59 / SF	501
North Michigan Ave	2,600	$2.87 / SF	195
North West Suburbs	2,800	$1.77 / SF	756
O'Hare	2,400	$1.58 / SF	616
Oak Lawn	3,300	$1.67 / SF	< 30
Oak Park	1,400	$1.95 / SF	< 30
Old Town	1,800	$3.28 / SF	< 30
Orland Park	1,700	$1.25 / SF	86
Plainfield	3,000	$1.33 / SF	< 30
Ranch Triangle	4,100	$2.33 / SF	< 30
River North	2,700	$2.84 / SF	648
Rockford	2,300	$0.98 / SF	95
Romeoville	4,700	$1.22 / SF	37
Rosemont	4,100	$2.33 / SF	< 30
Schaumburg	2,500	$1.76 / SF	475
Shorewood	2,200	$1.33 / SF	48
Streamwood	1,600	$1.50 / SF	333
Streeterville	2,400	$2.74 / SF	413
University Village	-	-	< 30
Uptown	-	-	< 30
West Loop	4,400	$2.99 / SF	472
Western Suburbs	1,900	$1.56 / SF	1,114
Westmont	1,800	$1.69 / SF	166
Wheaton	2,400	$1.62 / SF	585
Woodridge	2,900	$1.84 / SF	360

*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.