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Renting Office Space in Chicago

River North and the West Loop feature some of the most enviable office locations in Chicago. The office space in River North is primarily Class A+, loft space, and coworking space that averages 5,000 SF. Median rents are approximately $35/SF in older buildings as much of the new construction focuses on low to mid-rise, high-end residential properties. There is also a growing availability of first-floor retail space in much of the new construction. West End properties feature office space that ranges from smaller facilities to expansive 500,000 SF spaces. Rents average $40 SF for older properties and $75 SF gross for higher-end newer construction. Price points have risen dramatically in the last few years as vacancy rates have dwindled down to single digits. Parking in this professional area is in-building and runs expensive relative to other areas in Chicago.

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Popular Office Space in the Chicago Market

W Hubbard St

1,200 SF

$1,200 – $1,800 /mo

General Warehouse

1443 W Belmont Ave

1,200 SF

$2,400 /mo

General Storefront

N Ravenswood Ave

832 SF

$1,000 /mo

General Medical

Deerpath Atrium

450 – 77,646 SF

$600 – $97,100 /mo

Flex General

Weiland Rd

222 – 13,638 SF

$500 – $14,200 /mo

Coworking General

The Cannery

1,946 – 20,863 SF

$2,300 – $35,600 /mo

Creative General Restaurant Storefront

Boulevard Plaza

200 – 1,605 SF

$600 – $1,600 /mo

Coworking General

Prime Office & Retail Space For Lease

1,000 – 2,200 SF

$1,200 – $2,800 /mo

Storefront

N Washington St

200 – 900 SF

$200 – $1,000 /mo

General

N Pulaski

1,000 SF

$1,500 /mo

General Storefront

Leasing 53 W 68th Pl

630 SF

$800 /mo

General

20 E US HWY 30

730 – 7,000 SF

$700 – $9,300 /mo

General

1556 S Michigan Ave

7,240 SF

$14,500 /mo

General

N Ogden Ave

1,135 – 2,685 SF

$2,400 – $5,600 /mo

General

N Clark St

600 SF

$1,400 /mo

General Storefront

Suite Rates in Chicago

Suite Sizes in Chicago

Neighborhood Comparison

Neighborhood	Average Available SQFT	Average Rate / SQFT PER Month	NUMBER OF AVAILABLE SUITES
Aurora	1,800	$1.55 / SF	75
Bolingbrook	2,100	$1.40 / SF	48
Boystown	1,200	-	< 30
Central Loop	2,100	$2.46 / SF	1,090
Chinatown	3,300	$1.81 / SF	< 30
Cicero	6,900	$1.08 / SF	< 30
Darien	2,200	$1.55 / SF	520
Des Plaines	1,900	$1.60 / SF	54
Downers Grove	800	$1.43 / SF	< 30
East Loop	1,500	$2.84 / SF	639
East-West Corridor	2,300	$1.59 / SF	551
Elgin	2,000	$1.22 / SF	75
Elk Grove Village	2,400	$1.75 / SF	430
Evanston	1,200	$2.06 / SF	147
Fulton Market	3,100	$2.17 / SF	315
Glen Ellyn	2,000	$1.31 / SF	122
Goose Island	2,900	$2.68 / SF	63
Joliet	1,000	$1.47 / SF	47
Lake View East	1,200	$1.67 / SF	< 30
Lake Zurich	1,300	$1.33 / SF	< 30
Lincoln Park	1,600	$2.36 / SF	79
Little Italy	-	-	< 30
Magnificent Mile	2,200	$2.30 / SF	409
McKinley Park	3,200	$1.46 / SF	< 30
Mokena	4,000	$1.45 / SF	34
Mount Prospect	2,000	$1.50 / SF	250
Naperville	2,200	$1.48 / SF	506
New East Side	2,200	$2.64 / SF	1,975
Niles	1,800	$1.68 / SF	550
North Michigan Ave	2,200	$1.87 / SF	276
North West Suburbs	2,400	$1.64 / SF	762
O'Hare	2,000	$1.75 / SF	638
Oak Lawn	1,800	$1.51 / SF	< 30
Oak Park	1,000	$2.00 / SF	41
Old Town	4,600	$2.58 / SF	< 30
Orland Park	1,900	$1.47 / SF	80
Plainfield	1,400	$1.26 / SF	53
Ranch Triangle	3,800	$2.67 / SF	< 30
River North	2,400	$2.33 / SF	830
Rockford	2,200	$1.10 / SF	69
Romeoville	2,700	$1.36 / SF	45
Rosemont	3,800	$2.67 / SF	< 30
Schaumburg	2,500	$1.56 / SF	488
Shorewood	1,200	$1.50 / SF	66
Streamwood	1,600	$1.27 / SF	255
Streeterville	2,200	$2.31 / SF	628
University Village	-	-	< 30
Uptown	-	-	< 30
West Loop	3,600	$2.47 / SF	497
Western Suburbs	2,000	$1.54 / SF	1,127
Westmont	1,600	$1.49 / SF	203
Wheaton	2,800	$1.60 / SF	558
Woodridge	2,600	$1.60 / SF	410

*All data is from sources we deem reliable and is tracked to provide tenants an understanding of market and submarket conditions, however we cannot guarantee accuracy and all data should be confirmed prior to any use in the lease or purchase of real property.