Office for Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Chicago, IL 60661

Description

609 W Randolph is an 87,000 RSF innovative boutique office building ushering in a new era of flexible and responsive workspaces. The building has an efficient 7,000 SF floorplate with side core to increase centralized sightlines and create a naturally collaborative layout. The 12’8” slab-to-slab height and oversized high performance glass windows spread natural light across the floor for all employees to enjoy. Located in Chicago’s most in-demand neighborhood, 609 W Randolph provides an intimate office environment without sacrificing access to best-in-class amenities like a Penthouse Lounge and Conference Room, a green Rooftop Terrace and Bike Room. A true live, work, play environment in Chicago’s perfect location!

Market Context

This office in Chicago, IL is listed for sale. It has been on the market for 147 days. Compare it against other office listings for sale in Chicago, IL — <a href="/search/sale/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 assets trade 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).

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