Chicago Retail Space for Rent
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Renting Retail Space in Chicago
The retail sector in Chicago demonstrates a nuanced demand profile, with 38.3% of prospective tenants seeking space for three years or less. Compared to office space, there is a larger cohort willing to commit longer: 30.3% are exploring 3–5 year leases, and 20.5% are open to terms exceeding five years. This bifurcation reflects the spectrum of retail users—from smaller experiential concepts testing new locations to more traditional operators establishing anchor presences.
Downtown areas and established neighborhood corridors like North Michigan Avenue and Logan Square continue to attract significant interest, though suburban retail hubs such as Glenview and Aurora also show momentum. These markets benefit from strong residential densities and shifting consumer patterns that favor local, accessible storefronts.
Chicago’s retail market is poised for continued strength, driven by a healthy mix of entrepreneurial activity and regional retail growth. The split between short-term and long-term interest suggests that businesses are using flexibility as a strategic tool to test and grow in diverse consumer environments.
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Suite Rates in Chicago
Suite Sizes in Chicago
Neighborhood Comparison
| Neighborhood | Average Available SQFT | Average Rate / SQFT PER Month | NUMBER OF AVAILABLE SUITES |
|---|---|---|---|
| Aurora | 1,800 | $1.63 / SF | 43 |
| Bolingbrook | 2,500 | $1.83 / SF | < 30 |
| Boystown | 1,700 | $2.90 / SF | < 30 |
| Central Loop | 2,100 | $2.43 / SF | 760 |
| Chinatown | 3,300 | $1.83 / SF | < 30 |
| Cicero | 1,400 | $2.29 / SF | < 30 |
| Darien | 2,200 | $1.33 / SF | 144 |
| Des Plaines | 1,300 | $1.57 / SF | 41 |
| Downers Grove | 2,900 | $1.25 / SF | < 30 |
| East Loop | 1,900 | $2.47 / SF | 400 |
| East-West Corridor | 2,700 | $1.53 / SF | 95 |
| Elgin | 2,000 | $2.34 / SF | < 30 |
| Elk Grove Village | 1,500 | $1.50 / SF | 87 |
| Evanston | 2,000 | $1.85 / SF | 121 |
| Fulton Market | 4,600 | $2.56 / SF | 159 |
| Glen Ellyn | 2,300 | $1.71 / SF | 52 |
| Goose Island | 4,800 | $2.67 / SF | 45 |
| Joliet | 1,800 | $1.31 / SF | 32 |
| Lake View East | 1,800 | $2.67 / SF | 56 |
| Lake Zurich | 1,400 | $2.07 / SF | < 30 |
| Lincoln Park | 2,100 | $2.69 / SF | 193 |
| Little Italy | 2,500 | - | < 30 |
| Magnificent Mile | 2,600 | $2.43 / SF | 327 |
| McKinley Park | 2,300 | $1.77 / SF | 51 |
| Mokena | 1,400 | $1.53 / SF | < 30 |
| Mount Prospect | 1,600 | $1.57 / SF | 152 |
| Naperville | 1,900 | $1.52 / SF | 118 |
| New East Side | 2,500 | $2.48 / SF | 1,183 |
| Niles | 2,200 | $1.96 / SF | 226 |
| North Michigan Ave | 2,900 | $2.88 / SF | 226 |
| North West Suburbs | 2,200 | $1.50 / SF | 188 |
| O'Hare | 1,700 | $1.68 / SF | 307 |
| Oak Lawn | 2,800 | $1.59 / SF | < 30 |
| Oak Park | 1,900 | $1.92 / SF | 35 |
| Old Town | 2,600 | $3.19 / SF | 32 |
| Orland Park | 1,800 | $1.27 / SF | 89 |
| Plainfield | 1,700 | $1.51 / SF | 51 |
| Ranch Triangle | 3,300 | $2.50 / SF | < 30 |
| River North | 2,900 | $2.36 / SF | 565 |
| Rockford | 1,800 | $0.49 / SF | < 30 |
| Romeoville | 2,000 | $2.44 / SF | < 30 |
| Rosemont | 3,300 | $2.50 / SF | < 30 |
| Schaumburg | 2,400 | $1.60 / SF | 147 |
| Shorewood | 1,700 | $1.30 / SF | 46 |
| Streamwood | 1,600 | $1.36 / SF | 116 |
| Streeterville | 2,700 | $2.49 / SF | 390 |
| University Village | 2,500 | - | < 30 |
| Uptown | 2,500 | - | < 30 |
| West Loop | 4,400 | $3.19 / SF | 221 |
| Western Suburbs | 1,900 | $1.46 / SF | 472 |
| Westmont | 2,300 | $1.61 / SF | 43 |
| Wheaton | 1,800 | $1.55 / SF | 88 |
| Woodridge | 2,700 | $1.42 / SF | 87 |
*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.