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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

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 2,100 $1.18 / SF 62
Bolingbrook 3,900 $1.46 / SF 40
Boystown 3,600 $3.52 / SF < 30
Central Loop 2,900 $2.93 / SF 944
Chinatown 4,300 $1.65 / SF < 30
Cicero 3,800 $2.66 / SF < 30
Darien 2,700 $1.67 / SF 433
Des Plaines 4,500 $1.56 / SF 56
Downers Grove 3,400 $1.22 / SF < 30
East Loop 2,600 $2.55 / SF 488
East-West Corridor 2,500 $1.80 / SF 418
Elgin 1,900 $1.31 / SF 110
Elk Grove Village 3,600 $1.99 / SF 404
Evanston 1,200 $1.70 / SF 123
Fulton Market 3,900 $2.72 / SF 215
Glen Ellyn 1,900 $1.40 / SF 216
Goose Island 2,500 $1.95 / SF 55
Joliet 1,300 $1.26 / SF 50
Lake View East 3,000 $2.90 / SF 47
Lake Zurich 1,500 $1.41 / SF < 30
Lincoln Park 2,300 $2.47 / SF 148
Little Italy - - < 30
Magnificent Mile 2,300 $2.89 / SF 320
McKinley Park 2,900 $1.30 / SF 37
Mokena 2,000 $1.08 / SF 35
Mount Prospect 2,200 $1.32 / SF 256
Naperville 2,100 $1.65 / SF 455
New East Side 2,900 $2.72 / SF 1,842
Niles 2,200 $1.60 / SF 508
North Michigan Ave 2,300 $3.18 / SF 190
North West Suburbs 2,800 $1.84 / SF 806
O'Hare 2,700 $1.62 / SF 649
Oak Lawn 2,500 $1.36 / SF < 30
Oak Park 1,300 $1.95 / SF < 30
Old Town 2,600 $2.25 / SF < 30
Orland Park 1,700 $1.19 / SF 79
Plainfield 2,300 $1.16 / SF 44
Ranch Triangle 4,100 $2.33 / SF < 30
River North 2,600 $2.89 / SF 558
Rockford 2,300 $1.07 / SF 92
Romeoville 4,100 $1.28 / SF 41
Rosemont 4,100 $2.33 / SF < 30
Schaumburg 2,500 $1.77 / SF 495
Shorewood 1,600 $1.22 / SF 79
Streamwood 1,800 $1.51 / SF 308
Streeterville 2,600 $2.97 / SF 366
University Village - - < 30
Uptown - - < 30
West Loop 3,500 $3.12 / SF 473
Western Suburbs 1,800 $1.58 / SF 1,111
Westmont 1,800 $1.63 / SF 158
Wheaton 2,300 $1.65 / SF 551
Woodridge 2,900 $1.84 / SF 323
*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

Gregg Comeaux

Advisor Associate

Cavan Finn

Associate Advisor

George Frigelis

Senior Advisor

Brian Gross

Associate Advisor

Andrew Kelly

National Director - Brokerage

Clint Meranda

Associate Advisor

Dan Obiala

Vice President

Bob Palffy

Principal in Charge of the Midwest

Sylvia Reyna

Commercial Broker

Tim Ryan

SVP, Tenant Rep

Nick Schurer

Associate Advisor

Will Scott

Associate Advisor


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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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