116 South Michigan Avenue, Chicago, IL 60603 - Office Space
116 South Michigan Avenue is located at 116 South Michigan Avenue in the Downtown Chicago neighborhood, IL, Chicago, 60603. The Class B Office building was completed in 1907 and features a total of 102,289 Sqft.
There are 124 office spaces for lease in the Downtown Chicago neighborhood, totaling 504,440 Sqft of available office space. The office space availability for the 60603 zip code is 1,736,573 Sqft, in 239 office spaces. The average asking office rent per sq. ft. in Downtown Chicago is $27.99/sqft/year. For Class A office buildings the average office rate is $34/sqft/year, for Class B office buildings the average office rate is $24.34/sqft/year, for Class C office buildings the average office rate is $28/sqft/year.
In Downtown Chicago, there are 23 class B office buildings. In Downtown Chicago, there are a total of 4 LEED certified office buildings. In 1907, the same year 116 South Michigan Avenue was built, 4 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Chicago, featuring 831,953 square feet of commercial space. At zip code level, there are 33 commercial properties, of which 32 are office buildings over 50,000 square feet.