Office for Lease in Chicago, IL
- Price: Contact for price
- Listing type: For lease
- Asset type: Office
- Location: Chicago, IL
- Size: 77,696 SF
- Year built: 1920
Description
Market Context
This office in Chicago, IL is listed for lease across 77,696 SF. The building dates to 1920. It has been on the market for 81 days. Compare it against other office listings for lease in Chicago, IL — <a href="/search/lease/office/illinois/chicago">view the full market</a>.
As of Q1 2026, the Chicago office market showed a 26.9% vacancy rate, average asking rents near $45.41/SF/yr, rents up 5.2% year over year, and cap rates around 9.8%. Source: Consensus Q1 2026 market report.
Rising rents point to a competitive market where well-priced, well-located space leases quickly.
Office market FAQ
- What is the typical cap rate for office in Chicago?
- About 9.8% as of Q1 2026, per Consensus.
- Is the Chicago office market tightening or softening?
- Vacancy is around 26.9%, with asking rents rising year over year (Q1 2026).
Contact
- Andy Heymann · +1 (312) 424-8048
- Presley Norby
- Download VCard
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