What is the typical cap rate for other in Chicago?

About 9.8% as of Q1 2026, per multiple brokerages.

Is the Chicago other market tightening or softening?

Vacancy is around 26.9%, with asking rents rising year over year (Q1 2026).

Other

One North Wacker

one north wacker, chicago, IL 60606

Price

Price on request

Description

For those ready to raise the standard of their working environment, One North Wacker is the timelessly elegant workplace that engages and inspires your team at every turn: from a full suite of amenities to a centralized location that fast tracks every kind of commute. An above-and-beyond suite of experience-driven amenities includes two on-site restaurants, updated collaboration and event spaces, a private fitness center, and more to transform the workplace from a standard nine-to-five to an engaging all-day experience. Highlights: - RBA: 1,428,401 SF - 51 Floors Size and Measurements: - Minimum Space Available: 2,235 SF - Total Space Available: 54,007 SF

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

one north wacker, chicago, IL 60606

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Market Context

As of Q1 2026, the Chicago other 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.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Compare it against other other listings for sale in Chicago, IL to benchmark pricing and space — view the full market.

Other market FAQ

What is the typical cap rate for other in Chicago?: About 9.8% as of Q1 2026, per multiple brokerages.
Is the Chicago other market tightening or softening?: Vacancy is around 26.9%, with asking rents rising year over year (Q1 2026).

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.