Chicago, IL Conventional Restaurants for Lease
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Chicago, IL Conventional restaurants Lease Rates & Market Statistics
Browse 104 Conventional restaurants for lease in Chicago, IL on Realmo, a commercial real estate marketplace serving the Chicago area. The current inventory totals 325,089 square feet of properties — an average of ~3,150 SF per listing.
Asking lease rates for Conventional restaurants in Chicago start at $19 SF/Yr, average $34.04 SF/Yr, and reach $55 SF/Yr at the top of the market. That's a 3x spread between entry-level and premium space, making side-by-side comparison of asking rents and lease terms essential. The local average of $34.04 SF/Yr is 21% above the Illinois state average of $28.15 SF/Yr.
Chicago accounts for 83% of the 126 conventional restaurants currently available across Cook County, where nearby markets include Homewood and Evanston. Conventional restaurants make up 51% of the 202 Restaurants currently for lease in Chicago, with asking rates averaging $34.04 SF/Yr — 16% above the citywide Restaurants average of $29.35 SF/Yr. Also worth a look for tenants weighing alternatives: Other restaurants (56 listings) and Commercial kitchens (23 listings) elsewhere in the Chicago market.