Downtown Chicago Retail

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1925 S Archer Ave - Space South Loop, Chicago, IL 11 foot ceiling height
Sep 20
2,230
sqft
Office Medical Retail
2300 S Michigan Ave - Space Chicago, IL  
Sep 12
1,500
sqft
Retail
676 N LaSalle Dr - Space Near North Side, Chicago, IL  
Sep 08
10,090
sqft
Retail
North Avenue Collection - 4 Spaces Chicago, IL lease rates: negotiable
Aug 22
640 - 17,110
sqft
Retail
375 W Erie St - Floor 1 Near North Side, Chicago, IL  
Aug 11
450
sqft
Retail
175 W Washington St - Space The Loop, Chicago, IL  
Jul 21
15,000
sqft
Office Retail Restaurant
800 S Wells St - 10 Spaces Chicago, IL taxes $2.17 and operating expenses $6.21
Jul 21
930 - 38,370
sqft
Office Retail
118 S Wabash Ave - 3 Spaces The Loop, Chicago, IL  
Jul 20
730 - 1,300
sqft
Retail
107 S State St - 4 Spaces The Loop, Chicago, IL  
Jul 20
1,910 - 10,690
sqft
Retail
2300 S Michigan Ave - Floor 1 Chicago, IL  
Jun 20
4,280
sqft
Retail
201 E Randolph St - Space Grant Park, Chicago, IL  
Jun 17
16,230
sqft
Retail
57 W Grand Ave - 2 Spaces Chicago, IL lease term negotiable
May 18
1,510 - 3,600
sqft
Retail Restaurant

Downtown Chicago

Market Report

Number of Listings
Posted in the last 90 days
327
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
2,790

Downtown Chicago Rates

On average, listings lease in the $30's per square foot per year. The Downtown Chicago region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.

Compared to the rest of the Chicagoland market, the Downtown Chicago submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Downtown Chicago Listing Supply

In the last 90 days, 4677 listings have been posted online, so you'll want to check back regularly for new listings. About 11% of the listings in the Downtown Chicago are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,790 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 10 floors. Most buildings in this area were built in 1929 and are Class B.

Downtown Chicago Community

Market Data

Real time and historical data on commercial real estate listings in Downtown Chicago.
Research