Chicago, IL Office Buildings for Lease
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Chicago, IL Office buildings Lease Rates & Market Statistics
Browse 334 Office buildings for lease in Chicago, IL on Realmo, a commercial real estate marketplace serving the Chicago area. The current inventory totals 12,420,981 square feet of properties — an average of ~37,200 SF per listing.
Asking lease rates for Office buildings in Chicago start at $11 SF/Yr, average $20.04 SF/Yr, and reach $34 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 $20.04 SF/Yr is 8% above the Illinois state average of $18.57 SF/Yr.
Chicago accounts for 70% of the 479 office buildings currently available across Cook County, where nearby markets include Schaumburg and Northbrook. Office buildings make up 28% of the 1,205 Office Spaces currently for lease in Chicago, with asking rates averaging $20.04 SF/Yr — 30% below the citywide Office Spaces average of $28.52 SF/Yr. Also worth a look for tenants weighing alternatives: Office Units (771 listings) and Medical Office Space (98 listings) elsewhere in the Chicago market.