South Loop Office Space

South Loop

Office Space Market Report

Number of Listings (last 90 days)
21
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
2,290
As of: July 22, 2017

South Loop Rates

On average, listings lease in the $30's per square foot per year. The South Loop region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decrease in rent.

Compared to the rest of the Chicagoland market, the South Loop submarket has more expensive 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, 21 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 119% of the available leases in the South Loop 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,290 sqft. Most buildings in this area are approximately 4 floors. Most buildings in this area were built in 1922 and are Class B.

South Loop Community

Market Report

Trends and status of the commercial real estate market in South Loop.
Market Report

Market Data

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