Downtown Chicago Retail

Downtown Chicago

Office Space Market Report

Number of Listings (last 90 days)
371
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
2,810
As of: March 11, 2017

Downtown Chicago Rates

On average, listings lease in the $30's per square foot per year. The Downtown Chicago submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% 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 region.

Downtown Chicago Listing Supply

In the last 90 days, 371 listings have been posted online, so you'll want to check back regularly for new listings. About 5% of the listings in the Downtown Chicago are subleases, so you will probably have to consider a longer term lease. 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 2,810 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 12 stories. Most buildings in this region 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