Chicago Commercial Real Estate

Need Help Finding Space?
Transwestern
I represent tenants and can
help you go see this space.
1526 S Wabash Ave - Unit 1 (Floor 1) South Loop, Chicago, IL  
Sep 11
1,580
sqft
For Sale Office Retail
1416 W Belmont Ave - Entire Building Lakeview, Chicago, IL  
Sep 22
1,150
sqft
For Sale Office
3540 N Ashland Ave - Space Lakeview, Chicago, IL vanilla box condition and taxes: $2,027
Sep 22
1,720
sqft
For Sale Office Retail
3355 W 5th Ave - Entire Building East Garfield Park, Chicago, IL  
Sep 22
12,000
sqft
For Sale Retail
2702 Touhy Ave - Space West Ridge, Chicago, IL pice includes two deeded parking spaces
Sep 22
1,350
sqft
For Sale Medical Retail
2128 N Halsted St - Entire Building DePaul, Chicago, IL an open layout
Sep 22
7,680
sqft
For Sale Retail
7100 S South Chicago Ave - Entire Building Grand Crossing, Chicago, IL Close Highway.
Sep 22
2,100
sqft
For Sale Retail
830 W 35th St - Entire Building Bridgeport, Chicago, IL 11'5" overhead door height
Sep 22
7,300
sqft
For Sale Industrial
425 W North Ave - Entire Building Near North Side, Chicago, IL  
Sep 22
25,000
sqft
For Sale Office
1220 W Lake St - Entire Building West Town, Chicago, IL 20 foot ceiling height
Sep 20
12,380
sqft
For Sale Industrial
2810 E 79th St - Entire Building South Chicago, Chicago, IL HVAC, offices, pews, and currently being used as a Church
Sep 05
3,350
sqft
For Sale Industrial Mixed Use Office Medical
6353 W 55th St - Entire Building Garfield Ridge, Chicago, IL former bank building
Sep 05
14,000
sqft
For Sale Office
4622 S Bishop St - Entire Building Back of the Yards, Chicago, IL cap rate is 5.75%
Sep 13
10,200
sqft
For Sale Medical
3754 W Armitage Ave - Entire Building Logan Square, Chicago, IL  
Sep 12
6,000
sqft
For Sale Retail
5633 W Diversey Ave - Entire Building Belmont Central, Chicago, IL HVAC
Sep 05
3,900
sqft
For Sale Retail
1851 E 87th St - Entire Building Calumet Heights, Chicago, IL HVAC
Sep 05
2,930
sqft
For Sale Office
508 N Hermitage Ave - Entire Building West Town, Chicago, IL 14 foot ceiling height
Sep 05
2,320
sqft
For Sale Industrial
40 W Lake St - Entire Building The Loop, Chicago, IL HVAC and five drive in doors, three in front and two in rear
Sep 05
8,120
sqft
For Sale Industrial Office Medical Restaurant
8027 S Exchange Ave - Entire Building South Chicago, Chicago, IL HVAC
Sep 05
6,000
sqft
For Sale Mixed Use Other
3906 N Harlem Ave - Entire Building Belmont Heights, Chicago, IL HVAC
Sep 05
2,600
sqft
For Sale Office Retail Other
77 E 16th St - Entire Building South Loop, Chicago, IL HVAC
Sep 04
4,000
sqft
For Sale Mixed Use Retail
2470 E 75th St - Entire Building South Shore, Chicago, IL Onsite Parking.
Sep 04
9,000
sqft
For Sale Other
1659 W Hubbard St - Entire Building Chicago, IL HVAC
Sep 05
11,310
sqft
For Sale Industrial Office
3211 W 103rd St - Entire Building Mount Greenwood, Chicago, IL HVAC
Sep 04
2,700
sqft
For Sale Retail Other
8530 S Pulaski Rd - Entire Building Scottsdale, Chicago, IL Turnkey.There are 2 bathrooms
Sep 04
5,130
sqft
For Sale Industrial Retail
5204 S Ashland Ave - Entire Building Back of the Yards, Chicago, IL taxes $10,414
Sep 05
5,200
sqft
For Sale Retail
3737 N Clark St - Entire Building Lakeview, Chicago, IL  
Sep 05
2,000
sqft
For Sale Retail
4416 N Clark St - Entire Building Ravenswood, Chicago, IL HVAC and taxes: $12,809
Aug 31
3,500
sqft
For Sale Office Restaurant
5015 W Lawrence Ave - Entire Building Jefferson Park, Chicago, IL taxes: $16,060
Aug 31
8,000
sqft
For Sale Office
3839 N Kedzie Ave - Entire Building Irving Park, Chicago, IL two overhead doors, HVAC, and taxes $1,220
Sep 01
6,000
sqft
For Sale Office Retail Other
5151 N Harlem Ave - Entire Building Norwood Park, Chicago, IL HVAC
Aug 30
15,000
sqft
For Sale Office
4533 N Clark St - Entire Building Uptown, Chicago, IL HVAC and wholesale store on first floor
Aug 30
22,800
sqft
For Sale Retail Other
5549 W Belmont Ave - Entire Building Cragin, Chicago, IL taxes: $17,404
Sep 01
4,000
sqft
For Sale Restaurant
1100 W Adams St - Unit 1 (Floor 1) Near West Side, Chicago, IL open floor plan
Aug 29
350
sqft
For Sale Office Retail
2403 W Grace St - Entire Building North Center, Chicago, IL full basement
Aug 24
93,000
sqft
For Sale Office
333 S Desplaines St - Entire Building West Loop, Chicago, IL cap rate: 5%
Aug 19
155,050
sqft
For Sale Office Medical
4823 W Irving Park Rd - Entire Building Portage Park, Chicago, IL There are 7 bathrooms
Aug 09
3,910
sqft
For Sale Office Retail
936 W Roscoe St - Entire Building Lakeview, Chicago, IL full basement
Aug 07
8,110
sqft
For Sale Mixed Use Retail
2416 S Michigan Ave - Entire Building South Loop, Chicago, IL one drive in door
Jul 18
14,800
sqft
For Sale Mixed Use Office Retail
6500 S Western Ave - Entire Building Marquette Park, Chicago, IL cap rate: 5.90%
Jul 10
7,670
sqft
For Sale Industrial Mixed Use Office Medical
6200 S Sayre Ave - Entire Building Clearing, Chicago, IL 27 foot ceiling height
Jul 01
35,000
sqft
For Sale Industrial
955 E 79th St - Entire Building Chatham, Chicago, IL Onsite Parking.
Jul 10
1,770
sqft
For Sale Retail
1540 N Western Ave - Entire Building Humboldt Park, Chicago, IL  
Jul 04
5,430
sqft
For Sale Retail

Chicago

Market Report

Number of Listings
Posted in the last 90 days
472
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
2,990

Chicago Office & Commercial Space

The cultural heart of the American Midwest and the third most populous city in the United States, Chicago has gained a reputation for providing residents and visitors with a one-of-a-kind experience, fusing the warmth and congeniality found in so many of the smaller communities throughout this region of the country with the fast-paced, vibrant urban experience prevalent in New York, Boston and other coastal cities. Those interested in office space for rent in Chicago can take advantage of the numerous commercial districts, economic centers and thriving neighborhood communities throughout the city. Business owners who are pursuing a lease on commercial space for rent in Chicago can rest assured that they will be poised to distinguish themselves on a city, region, state and national level. Rental property is widely available throughout the city at large.

Chicago Economic Overview

With a population of nearly three million inhabitants, it should come as no surprise that Chicago is one of the most important economic hubs in the United States. With a lively financial sector and a variety of large companies located here, Chicago is widely considered to be one of the most balanced economies in the country and is currently home to the nation’s second largest business district. In addition to these large corporate enterprises, the city hosts a vibrant small-business scene, featuring a myriad of entrepreneurs and business owners across a wide range of industries and niches. Chicago is, at its core, an epicenter of diversity and a magnet for those seeking to establish themselves in this region of the country. The estimated median household income of local Chicago residents is nearly $45,000, approximately $18% below state averages. This is not surprising, due primarily to the fact that many of the area’s more affluent residents have relocated to one of several suburban communities situated on the outskirts of the city in order to raise their children in a more quiet, peaceful environment. It is estimated that roughly 19% of the local population within Chicago currently lives below the poverty line.

Chicago At A Glance

The city of Chicago was founded in 1833, featuring a resident population of 200 citizens. Over the course of nearly two centuries, the city has hosted some of the nation’s leading industrialists and economic heavyweights, helping to propel it to the forefront of innovation, industry and culture in the country. Thanks to a well-developed public transportation system and a thriving commercial sector, the city hosts nearly 50 million domestic and international visitors on a yearly basis. Although Chicago’s population does not mirror larger cities, such as New York and Los Angeles, it remains one of the most densely populated cities in the country as a whole. Notable landmarks in Chicago include the Chicago Water Tower, Millennium Park, the Art Institute of Chicago and the Field Museum of Natural History. Chicago has also gained renown as one of the most popular destinations for trade conventions in the country. Chicago ranks 3rd (behind Orlando and Las Vegas) in the country in terms of the sum total of conventions hosted annually.

Chicago History

Chicago has maintained a dominant influence throughout the Midwest United States for well over 150 years. In the 1830s, intensive real estate speculation and perceived investment opportunities led many businessmen from the coastal cities of the eastern United States to establish a presence here. By 1880, Chicago was widely considered to be the country’s most important rail center and was attracting prominent industrial and cultural figures from across the country and world. In 1960, the growth of suburban communities surrounding Chicago proper was catalyzed by the onset of controversial blockbusting tactics. As globalization and other revolutionary economic reforms began to occur in the second half of the 20th century, many of the lower skilled laborers in Illinois were forced to find new occupations or develop new skills in order to maintain financial security. Today, Chicago has become renowned for its wealth of ethnic and cultural diversity as well as a thriving local economy that spans across a plethora of industries and interests.

Chicago Population

Chicago began to experience a significant influx of both European and domestic immigrants following the close of World War I. Although large numbers of German and Irish migrants had begun arriving in Chicago well before the arrival of the 20th century, the city’s population grew rapidly in the 1920s and 30s, featuring a significant influx of African Americans, Mexicans and Puerto Ricans. As is common with many of the larger cities in the country, Chicago is home to a wide cross-section of the area’s demographic mix. Income levels vary significantly depending upon the neighborhood in question. Nevertheless, Chicago remains a welcoming and receptive community for those hoping to immerse themselves in the colorful dynamic of this metropolis.

Trends Of Chicago

Although manufacturing centers across Illinois were significantly affected by the 2008 financial crisis, the city of Chicago has largely recovered from this economic wound, continuing to develop one of the most important financial centers in both the country and the world. Chicago has also invested significantly in education, transforming the city into a popular destination for both domestic and international students across a variety of disciplines. Chicago’s tourism industry continues to expand and develop, thanks in large part to the abundance of cultural institutions, sporting attractions, and city hotspots that have gained recognition from those living outside of the city. Demographically, Chicago continues to diversify, and it is expected that the number of foreign-born migrants in the city will continue to grow.

Where To Lease In Chicago

Depending upon the specific characteristics and the available resources of the business in question, the city of Chicago features numerous areas that may be conducive for establishing a business. Michigan Avenue remains one of the most well trafficked roads in the city and is home to a variety of companies across a wide range of sizes and industries. Due to the fact that Chicago is home to a number of universities, many areas of town, such as Lincoln Park, feature an array of unique coffee shops, fashion boutiques and eateries, sustained in part by the abundance of young individuals living nearby.

Learn More About Chicago

Market Data

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