South Loop Office Space

South Loop

Office Space Market Report

Number of Listings (last 90 days)
21
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
2,670
As of: May 18, 2017

South Loop Rates

The typical asking rate per listing is in the $30's per square foot per year. The South Loop region is seeing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 11% decline in rent.

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

South Loop Listing Supply

In the last 90 days, 21 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 2,670 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 4 floors. Most buildings in this region 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