The Loop Office Space

The Loop

Office Space Market Report

Number of Listings (last 90 days)
200
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
2,490
As of: August 17, 2017

The Loop Rates

The typical asking rate per listing is in the $30's per square foot per year. The The Loop region is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.

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

The Loop Listing Supply

In the last 90 days, 200 listings have been posted online, so you'll want to check back regularly for new listings. About 209% of the available space in the The 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,490 sqft. Most properties in this region are around 23 floors. Most buildings in this region were built in 1929 and are Class B.

The Loop Community

Market Report

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

Market Data

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