Downtown Chicago Retail

Downtown Chicago

Office Space Market Report

Number of Listings (last 90 days)
353
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
2,670
As of: February 27, 2017

Downtown Chicago Rates

The typical asking rate per listing is in the $30's per square foot per year. The Downtown Chicago region is seeing a a rise in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 8% increase in rent.

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

Downtown Chicago Listing Supply

In the last 90 days, 358 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the office spaces in the Downtown Chicago are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,670 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 12 stories. Most buildings in this market were built in 1929 and are Class B.

Downtown Chicago Community

Market Report

Trends and status of the commercial real estate market in Downtown Chicago.
Market Report

Market Data

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