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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 $1.41 / SF 44
Bolingbrook 3,700 $1.35 / SF < 30
Boystown 1,200 - < 30
Central Loop 2,200 $2.50 / SF 1,086
Chinatown 4,100 $2.04 / SF < 30
Cicero 6,200 $0.98 / SF < 30
Darien 2,300 $1.63 / SF 420
Des Plaines 1,400 $1.55 / SF < 30
Downers Grove 4,400 $1.42 / SF < 30
East Loop 1,600 $2.87 / SF 588
East-West Corridor 2,700 $1.55 / SF 427
Elgin 2,300 $1.22 / SF 61
Elk Grove Village 3,200 $1.82 / SF 315
Evanston 1,400 $2.14 / SF 115
Fulton Market 3,700 $2.12 / SF 260
Glen Ellyn 1,900 $1.28 / SF 99
Goose Island 3,600 $2.51 / SF 63
Joliet 1,000 $1.53 / SF 37
Lake View East 1,100 $1.75 / SF < 30
Lake Zurich 1,500 $1.33 / SF < 30
Lincoln Park 1,800 $2.47 / SF 77
Little Italy - - < 30
Magnificent Mile 2,500 $2.35 / SF 362
McKinley Park 4,000 $1.87 / SF < 30
Mokena 4,700 $1.44 / SF < 30
Mount Prospect 2,200 $1.68 / SF 182
Naperville 2,300 $1.54 / SF 440
New East Side 2,300 $2.72 / SF 1,934
Niles 2,000 $1.63 / SF 369
North Michigan Ave 2,500 $2.24 / SF 266
North West Suburbs 2,700 $1.72 / SF 700
O'Hare 2,600 $1.71 / SF 507
Oak Lawn 1,100 $1.46 / SF < 30
Oak Park 1,200 $2.75 / SF 34
Old Town 4,600 $2.47 / SF < 30
Orland Park 1,900 $1.41 / SF 55
Plainfield 2,100 $1.25 / SF 34
Ranch Triangle 2,100 $2.72 / SF < 30
River North 2,600 $2.39 / SF 760
Rockford 3,200 $1.18 / SF 56
Romeoville 3,300 $1.24 / SF < 30
Rosemont 2,100 $2.72 / SF < 30
Schaumburg 2,800 $1.56 / SF 429
Shorewood 1,200 $1.51 / SF 49
Streamwood 1,700 $1.26 / SF 177
Streeterville 2,500 $2.31 / SF 557
University Village - - < 30
Uptown - - < 30
West Loop 5,700 $2.87 / SF 421
Western Suburbs 2,100 $1.59 / SF 907
Westmont 1,900 $1.41 / SF 150
Wheaton 2,800 $1.69 / SF 533
Woodridge 2,700 $1.67 / SF 347
*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.

Select Local Brokerage Partners

Sean Bostrom

Equity - Chicago

Jillian Brown

Avison Young

Equity Chicago

Equity - Chicago

David EtsHokin

Tenant Advisors - Chicago

Leslie George

Equity - Chicago

Dave Hamilton

Anthem Commercial Real Estate

Julie Heidt

Equity - Chicago

Nate Hutcheson

MAP Real Estate, Inc.

Tom Koelzer

Tenant Advisors - Chicago

Clint Meranda

Equity - Chicago

Dan Obiala

Equity - Chicago

Bob Palffy

Equity - Chicago

Michael Pink

MAP Real Estate, Inc.

James Schnur

Integrated Real Estate Solutions, Inc.

Dan Spiegel

Coldwell Banker Commercial

Michael Vizzone

Tenant Advisors - Chicago


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