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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

4721 E 135th Bldg D

2,900 – 3,681 SF

$1,600 – $2,800 /mo

Flex

Union Park Lofts

300 – 605 SF

$600 – $1,200 /mo

Creative General

W Bartlett Rd

256 – 581 SF

$300 – $700 /mo

General

S Michigan Ave

4,500 SF

$9,400 /mo

Storefront

W Lake St

2,217 – 6,721 SF

$4,600 – $11,800 /mo

Flex General Warehouse

N Des Plaines St

4,637 – 12,388 SF

$7,700 – $36,100 /mo

General

E Randolph St

16,300 SF

$31,200 /mo

General

N Ogden Ave

1,135 – 2,685 SF

$2,400 – $5,600 /mo

General

W Lake St

7,800 SF

- /mo

Creative General

W Ontario St

5,155 SF

- /mo

Creative General Storefront

Streeterville Center

1,000 – 10,396 SF

- /mo

Medical

N Michigan Ave

4,679 SF

$10,500 /mo

General

S Wabash Ave

17,179 SF

$42,900 /mo

General

N Ashland Ave

3,000 – 8,000 SF

$3,800 – $10,000 /mo

Creative General

W Kinzie St

9,033 SF

$15,800 /mo

Creative General

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	1,061
Chinatown	3,400	$1.96 / SF	< 30
Cicero	6,200	$0.98 / SF	< 30
Darien	2,300	$1.55 / SF	420
Des Plaines	1,400	$1.62 / SF	< 30
Downers Grove	2,300	$1.40 / SF	< 30
East Loop	1,600	$2.87 / SF	603
East-West Corridor	2,600	$1.54 / SF	440
Elgin	2,300	$1.22 / SF	61
Elk Grove Village	3,200	$1.75 / SF	321
Evanston	1,300	$2.15 / SF	115
Fulton Market	3,700	$2.12 / SF	260
Glen Ellyn	2,200	$1.29 / SF	111
Goose Island	3,500	$2.51 / SF	63
Joliet	1,000	$1.53 / SF	37
Lake View East	1,200	$2.35 / 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	361
McKinley Park	3,200	$1.52 / SF	< 30
Mokena	4,700	$1.44 / SF	< 30
Mount Prospect	2,100	$1.68 / SF	183
Naperville	2,300	$1.52 / SF	419
New East Side	2,300	$2.71 / SF	1,923
Niles	2,000	$1.63 / SF	372
North Michigan Ave	2,500	$2.24 / SF	266
North West Suburbs	2,700	$1.70 / SF	703
O'Hare	2,600	$1.70 / SF	510
Oak Lawn	1,100	$1.46 / SF	< 30
Oak Park	800	$2.81 / SF	32
Old Town	4,600	$2.47 / SF	< 30
Orland Park	2,000	$1.42 / SF	57
Plainfield	2,100	$1.25 / SF	36
Ranch Triangle	2,100	$2.72 / SF	< 30
River North	2,700	$2.39 / SF	772
Rockford	3,200	$1.18 / SF	56
Romeoville	3,300	$1.24 / SF	< 30
Rosemont	2,100	$2.72 / SF	< 30
Schaumburg	2,700	$1.56 / SF	431
Shorewood	1,200	$1.51 / SF	51
Streamwood	1,500	$1.26 / SF	175
Streeterville	2,500	$2.31 / SF	558
University Village	-	-	< 30
Uptown	-	-	< 30
West Loop	5,300	$2.99 / SF	442
Western Suburbs	2,100	$1.58 / SF	894
Westmont	1,800	$1.38 / SF	157
Wheaton	2,900	$1.64 / SF	519
Woodridge	2,800	$1.64 / SF	351

*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.