Office in Chicago, IL
Price
Price on request
Description
Office in Chicago, IL
Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.
Market Context
As of Q1 2026, the Chicago office market showed a 26.9% vacancy rate, average asking rents near $45.41/SF/yr, rents up 5.2% year over year, and cap rates around 9.8%. Source: multiple brokerages Q1 2026 market report.
Projected current pricing
high confidenceModeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 9.8%, asking rent trend-adjusted to today).
Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Compare it against other office listings for sale in Chicago, IL to benchmark pricing and space — view the full market.
Office market FAQ
- What is the typical cap rate for office in Chicago?
- About 9.8% as of Q1 2026, per multiple brokerages.
- Is the Chicago office market tightening or softening?
- Vacancy is around 26.9%, with asking rents rising year over year (Q1 2026).
Unified Estimate
Medium ConfidenceRate estimator only; cost-of-business estimate unavailable.
Sale Price History
2000 – 2026 · county sold comps + market trendsFIPS 17031
- Avg Rent ($/SF/yr) (market data)
- Vacancy %
More Office for Sale in Chicago, IL(5)
Office in Chicago, IL
chicago, IL
Price on request
Cap Rate
N/A
Price/SF
N/A
SF
N/A
Office in Chicago, IL
chicago, IL
Price on request
Cap Rate
N/A
Price/SF
N/A
SF
N/A
Office in Chicago, IL
Chicago, IL
Price on request
Cap Rate
N/A
Price/SF
N/A
SF
N/A
Office in Chicago, IL
Chicago, IL
Price on request
Cap Rate
N/A
Price/SF
N/A
SF
N/A
office in Chicago, IL
chicago, IL
Price on request
Cap Rate
N/A
Price/SF
N/A
SF
N/A
Contact Broker
Listed by
CBRE System Import