Chicago, IL Commercial Real Estate

Built in one of the largest metro areas in the country and arguably the largest primary market in the midwestern United States, Chicago real estate holds a special place in the industry. Second City is home to iconic commercial properties that have repeatedly attracted sizeable national and international investment. It is also the main economic engine of a sprawling, well-connected metropolitan area, which fosters an inclusive business environment, ripe with opportunity for any commercial enterprise.

See our listings

Recently added listings

The average rent for commercial real estate for lease in Chicago is $26.94 per square foot per year. There are currently 2,622 availabilities listed locally. Spaces range in size between 110 square feet and 652,000 square feet, and amount to a total of 33,678,203 square feet of commercial real estate for lease on the Chicago market, across all property types and construction grades.

Archer Heights, Chicago
4532 South Kolin Avenue Industrial Space
$4.25/Sqft/Year

4532 South Kolin Avenue

4532 South Kolin Avenue, Archer Heights, Chicago, IL 60632
There is 1 Industrial space available for lease at 4532 South Kolin Avenue, Chicago, IL, 60632, totaling 7,975 Sqft.
Property
Industrial
Availability
1 Space / 7,975 Sqft
Back of the Yards, Chicago
4000 South Racine Avenue, Back of the Yards
1 Space Available

4000 South Racine Avenue

4000 South Racine Avenue, Back of the Yards, Chicago, IL 60609
4000 South Racine Avenue is located at 4000 South Racine Avenue in the Back of the Yards neighborhood, IL, Chicago, 60609 and was completed in 1975.
Property
Industrial
Availability
1 Space / 140,792 Sqft
Chicago Loop, Chicago
Office for Lease at 175 North Franklin Street
$25/Sqft/Year

175 North Franklin Street

175 North Franklin Street, Chicago Loop, Chicago, IL 60606
There are 2 Office spaces available for lease at 175 North Franklin Street, totaling 6,232 Sqft. The largest space available has 3,761 Sqft.
Property
Office
Availability
2 Spaces / 6,232 Sqft
Chicago Loop, Chicago
209 West Jackson Blvd, Chicago Loop, Chicago, IL 60606
$34/Sqft/Year

209 West Jackson Blvd

209 West Jackson Blvd, Chicago Loop, Chicago, IL 60606
209 West Jackson Blvd is located at 209 West Jackson Blvd in the Chicago Loop neighborhood, with a rental rate of $34/Sqft/Year.
Property
Office
Availability
5 Spaces / 19,005 Sqft
O'Hare, Chicago
8725 West Higgins Road Office Space
$22/Sqft/Year

O'Hare Plaza - 8725 West Higgins

8725 West Higgins Road, O'Hare, Chicago, IL 60631
This Class A Office building was completed in 1975 and features a total of 278,675 Sqft. There are 5 Office spaces available for lease at 8725 West Higgins Road.
Property
Office
Availability
5 Spaces / 44,565 Sqft
Ravenswood, Chicago
Retail for rent 1945 West Wilson Avenue
$35/Sqft/Year

Ravenswood Professional Building

1945 West Wilson Avenue, Ravenswood, Chicago, IL 60640
This building was completed in 1977 and features a total of 68,000 Sqft. There is 1 space available for lease, totaling 1,456 Sqft.
Property
Retail
Availability
1 Space / 1,456 Sqft
West Loop, Chicago
Retail space for lease
9 Spaces Available

111 North Canal Street

111 North Canal Street, West Loop, Chicago, IL 60606
There are 9 spaces available for lease at 111 North Canal Street, totaling 76,507 Sqft. The largest space available has 58,725 Sqft.
Property
Retail
Availability
9 Spaces / 76,507 Sqft
River North, Chicago
101 West Grand Avenue
$22.5/Sqft/Year

The Suites Collection

101 West Grand Avenue, River North, Chicago, IL 60610
The Suites Collection is located at 101 West Grand Avenue in the River North neighborhood, IL, Chicago, 60610, and was completed in 1900.
Property
Office
Availability
3 Spaces / 21,673 Sqft
West Loop, Chicago
Office space 120 South Riverside Plaza
$25/Sqft/Year

120 South Riverside Plaza

120 South Riverside Plaza, West Loop, Chicago, IL 60606
There are 6 Office spaces available for lease at 120 South Riverside Plaza, totaling 97,045 Sqft. The largest space available has 37,549 Sqft.
Property
Office
Availability
6 Spaces / 97,045 Sqft

Chicago Commercial Real Estate Market Stats

The City of Broad Shoulders is one of the country’s very first powerhouse investment markets and home to some of the world’s first skyscrapers. Commercial real estate in Chicago draws and builds on those strengths to this day. Uniquely positioned as the largest local economy in the midwestern U.S., the Chicago market offers unmatched connectivity by water, air, road, and rail. The city proper holds highly desirable office and retail locations, while the greater metropolitan area is home to one of the country’s most sought-after industrial markets.

Commercial space for lease in Chicago totals 33,678,203 square feet across all property types and building classes. A total of 2,622 spaces are listed locally, with rents starting at $4.3 per square foot per year, and averaging $26.94 per square foot per year across the listing inventory. Rents for class A commercial property average $27.82 per square foot per year, while trophy assets command $31.26 per square foot per year, on average.

Space in properties graded B rent for an average of $27.57 per square foot per year, while class C commercial buildings average rents of $27.52 per square foot per year. Our Chicago listing inventory includes commercial spaces across 102 grade C properties, 656 class B buildings, 239 class A and 28 class A+ assets.

Commercial real estate news

From our blog

Industrial Deliveries Growth in 2020
First National Realty Partners Acquires N.J. Office Building

April 30, 2020

Real estate investment firm First National Realty Partners recently announced the purchase of The Coastal Building in Red Bank, NJ. The property will add 29,178 square feet of Class A Jersey Shore office space to the company’s portfolio.

Read more
Office Submarkets in 2019
Amazon Expands Presence in Baltimore-D.C. Commercial Corridor

April 24, 2020

Cushman-Wakefield completed the $91 million sale of Techwood Business Center in Hanover, Md., on behalf of the seller, RREEF Management LLC. Amazon was the buyer in the deal, adding the Baltimore business park to its expanding portfolio in the state of Maryland.

Read more
Retail News
Charlotte’s Hearst Tower Changes Hands in $446M Deal

April 14, 2020

Atlanta-based Cousins Properties has completed the sale of Hearst Tower. The Uptown Charlotte office property changed ownership to locally based Truist Financial Corporation. Commanding a gross price tag of $455.5 million, the building sold for roughly $470 per square foot.

Read more