South Loop Commercial Real Estate

South Loop

Market Report

Number of Listings
Posted in the last 90 days
30
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
3,350

South Loop Rates

The typical asking rate per listing is in the $30's per square foot per year. The South Loop submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 22% rise in rent.

Compared to the rest of the Chicagoland market, the South Loop submarket has higher rates, and you'll need to pay a premium to be in this hot region.

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 available space in the South Loop are subleases, so you will probably have to consider a longer term lease. 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 new availabilities below 2,000 sqft. Most properties in this market are around 4 stories. Most buildings in this area were built in 1928 and are Class B.

South Loop Community

Market Data

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