West Loop Retail

West Loop

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
7,422
As of: January 22, 2017

West Loop Rates

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

West Loop Listing Supply

In the last 90 days, 16 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 19% of the available leases in the West Loop are subleases, so you might be able to find a shorter term or below market rent. 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 7,422 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 22 floors. Most buildings in this area were built in 1965 and are Class A.

West Loop Community

This area is fairly equally mixed residential and commercial. Finance and insurance are the dominant industries in this market. Commute by bike is the most popular way to get to work amongst West Loop residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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