South Loop Retail

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Ann Anovitz Associates
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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
800 S Wells St - 10 Spaces Chicago, IL taxes $2.17 and operating expenses $6.21
Jul 21
930 - 38,370
sqft
Office Retail
2300 S Michigan Ave - Floor 1 Chicago, IL  
Jun 20
4,280
sqft
Retail

South Loop

Market Report

Number of Listings
Posted in the last 90 days
5
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
3,350

South Loop Rates

Most listings are in the $20's per square foot per year. The South Loop submarket is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 12% decline in rent.

Compared to the rest of the Chicagoland market, the South Loop submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

South Loop Listing Supply

In the last 90 days, 276 listings have been made available, so you'll want to check back regularly for new listings. About 8% of the office spaces in the South Loop are subleases, so you will probably have to focus your search on direct office leases. 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 3,350 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 4 floors. Most buildings in this market were built in 1925 and are Class B.

South Loop Community

Market Data

Real time and historical data on commercial real estate listings in South Loop.
Research