The Loop Sublease

The Loop

Office Space Market Report

Number of Listings (last 90 days)
183
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
2,580
As of: February 21, 2017

The Loop Rates

Most listings are in the $30's per square foot per year. The The Loop region is experiencing a a boost in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 6% rise in rent.

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

The Loop Listing Supply

In the last 90 days, 223 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the listings in the The Loop are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 2,760 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 23 floors. Most buildings in this region were built in 1929 and are Class A.

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