The Loop Sublease

The Loop

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 22, 2016

The Loop Rates

Most listings are in the $30's per square foot per year. The The Loop region is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 7% decline in rent.

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

The Loop Listing Supply

In the last 90 days, 105 listings have been posted online, so you'll want to check back regularly for new listings. About 11% of the listings in the The Loop are subleases, so you might be able to snag a great spot on a short term. 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 2,530 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 24 stories. Most buildings in this market were built in 1929 and are Class B.

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.