South Loop Sublease

South Loop

Office Space Market Report

Number of Listings (last 90 days)
21
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
2,290
As of: June 27, 2017

South Loop Rates

The typical asking rate per listing is in the $30's per square foot per year. The South Loop submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $32 per sqft per year.

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

South Loop Listing Supply

In the last 90 days, 21 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 124% of the office spaces in the South 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.

The standard measurement for office space in this area is around 2,290 sqft. Most buildings in this market are close to 4 stories. 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