Downtown Chicago Commercial Real Estate For Lease

8 S Michigan Ave - 2 Spaces The Loop, Chicago, IL  
Nov 25
360 - 1,300
sqft
Office Medical
11 E Adams St - 2 Spaces The Loop, Chicago, IL  
Nov 17
1,040 - 1,330
sqft
Office

Downtown Chicago

Market Report

Number of Listings For Lease
Posted in the last 90 days
443
Median Rate ($/sqft/yr)
$39
Median Size (sqft)
550

Downtown Chicago Commercial Real Estate

Find Downtown Chicago commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Find a Downtown Chicago commercial real estate broker in Downtown Chicago's Top Broker Directory. Learn about Downtown Chicago commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Downtown Chicago Rates

Most commerial real estate listings for lease are in the $30's per square foot per year. The Downtown Chicago submarket is seeing a a rise in rates. In the last 3 months, the median rate for lease increased $1 per sqft per year. That's a 4% rise in rent.

Compared to the rest of the Chicagoland commercial real estate market, the Downtown Chicago region has more expensive rates for rent, and you may need to make a great offer to be in this hot region.

Downtown Chicago Listing Supply

In the last 90 days, 4677 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 0% of the commercial real estate listings in the Downtown Chicago are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard size for office space in this area is around 600 sqft. Most buildings in this region are close to 9 floors. Most buildings in this area were built close to 1929 and are Class B.

Downtown Chicago Community

Market Data

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