Chicago, IL Commercial Real Estate for Lease - 1,205 Listings

4801 West Peterson Avenue

4801 West Peterson Avenue, South Edgebrook, Chicago, IL
Property

Office

102,000 SF
Availability

30 Spaces

47,711 SF
Year Built

1974
For Lease

$21.00 - $28.00/SF/YR
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2110 W. Division Street

2110 W Division St, Wicker Park, Chicago, IL
Property

Retail

6,259 SF
Availability

1 Space

950 SF
Year Built

1901
For Lease Contact for pricing
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101 West Grand Avenue

101 West Grand Avenue, River North, Chicago, IL
Property

Office

80,000 SF
Availability

8 Spaces

20,054 SF
Year Built

1985
For Lease Contact for pricing
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Prime Urban Infill Corner | Addison St & Long Ave

5359 West Addison Street, Portage Park, Chicago, IL
Property

Retail
Availability

1 Space

11,813 Acre
For Lease Contact for pricing
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330 North Wabash Avenue
WeWork
330 North Wabash Avenue 23rd Floor , Chicago, IL
Services

Open Workspace

Meeting Room

Private Office

Dedicated Desk
Amenities

Barista

Bike storage

Cleaning services

Fitness center

Game room

IT support

Kitchen

Mother’s room

Parking

Printer
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311 South Wacker Drive

311 South Wacker Drive, Chicago Loop, Chicago, IL
Property

Office

1,313,315 SF
Availability

1 Space

8,859 SF
Year Built

1990
For Lease Contact for pricing
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2455 South Damen Avenue

2455 South Damen Avenue, Heart of Chicago, Chicago, IL
Property

Industrial

98,620 SF
Availability

3 Spaces

48,234 SF
Year Built

2006
For Lease

$15.00/SF/YR
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Wilson Yards - 4400 Broadway

4400-4444 N Broadway , Uptown Chicago, Chicago, IL
Property

Retail

23,300 SF
Availability

3 Spaces

5,924 SF
For Lease

$25.00 - $40.00/SF/YR
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640 North LaSalle Street

640 North LaSalle Street, River North, Chicago, IL
Property

Office

350,000 SF
Availability

3 Spaces

12,484 SF
Year Built

1976
For Lease Contact for pricing
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One North LaSalle Street

1 North LaSalle Street, Chicago Loop, Chicago, IL
Property

Office

489,923 SF
Availability

2 Spaces

8,731 SF
Year Built

1930
For Lease Contact for pricing
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River Point

444 West Lake Street, Fulton River District, Chicago, IL
Property

Office

1,078,594 SF
Availability

2 Spaces

27,187 SF
Year Built

2016
For Lease Contact for pricing
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Spaces West Ohio Street
Spaces
320 West Ohio Street #3W, Chicago, IL
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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Chicago O’Hare Office Evolution
Office Evolution
8745 West Higgins Road Suite 110, Chicago, IL
Services

Virtual Office

Open Workspace

Meeting Room
Amenities

Complimentary coffee & tea

Free water

High-speed wifi

Parking
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400-408 North Clark Street & 100 West Kinzie Street

400 North Clark Street, River North, Chicago, IL
Property

Office

30,000 SF
Availability

2 Spaces

5,567 SF
Year Built

1873
For Lease Contact for pricing
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LocalWorks - Chicago
LocalWorks
101 West Grand Avenue, Chicago, IL
Services

Virtual Office

Meeting Room

Private Office
Amenities

Kitchen

Lounge area

Office furniture

Window view
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6200 West 51st Street

6200 West 51st Street, Garfield Ridge, Stickney, IL
Property

Industrial

198,316 SF
Availability

1 Space

24,000 SF
Year Built

1920
For Lease Contact for pricing
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Fulton Labs at 400 North Aberdeen

400 North Aberdeen Street, West Town, Chicago, IL
Property

Office

423,460 SF
Availability

4 Spaces

33,950 SF
Year Built

2022
For Lease Contact for pricing
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29 East Madison Street

29 East Madison Street, Chicago Loop, Chicago, IL
Property

Office

236,151 SF
Availability

32 Spaces

54,690 SF
Year Built

1906
For Lease

$26.00 - $30.00/SF/YR
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2865 North Clybourn Avenue

2865 North Clybourn Avenue, Roscoe Village, Chicago, IL
Property

Office

6,000 SF
Availability

1 Space

1,400 SF
Year Built

2005
For Lease

$20.00/SF/YR
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The Glass Factory, 900 W. Cermak, Chicago

The Glass Factory, 900 W. Cermak, Pilsen, Chicago, IL
Property

Industrial

91,217 SF
Availability

6 Spaces

47,031 SF
For Lease Contact for pricing
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407 S. Peoria St.

407 S. Peoria St., Near West Side, Chicago, IL
Property

Retail

6,000 SF
Availability

1 Space

6,000 SF
For Lease Contact for pricing
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The Jewelers Building

35 East Wacker Drive, Chicago Loop, Chicago, IL
Property

Office

550,000 SF
Availability

20 Spaces

154,786 SF
Year Built

1927
For Lease Contact for pricing
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Veterans Square Office Center

4849 North Milwaukee Avenue, Jefferson Park, Chicago, IL
Property

Office

105,000 SF
Availability

12 Spaces

65,298 SF
Year Built

2001
For Lease

$15.00 - $18.00/SF/YR
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Retail Center with Parking Lot On-Site along S. Halsted in Chicago

9917-9951 South Halsted Street, Fernwood, Chicago, IL
Property

Retail

12,921 SF
Availability

1 Space

4,800 SF
Year Built

2007
For Lease

$17.00/SF/YR
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Union Tower

550 West Van Buren Street, West Loop, Chicago, IL
Property

Office

362,262 SF
Availability

2 Spaces

41,334 SF
Year Built

1999
For Lease Contact for pricing
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1634-1642 W. 79th St.

1634-1642 W. 79th St., Auburn Gresham, Chicago, IL
Property

Retail

8,200 SF
Availability

3 Spaces

2,883 SF
Year Built

2008
For Lease

$15.00 - $20.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Chicago commercial real estate market incorporates 175,746,496 square feet of office space across 610 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Chicago, the coworking segment of the commercial real estate market incorporates about 91,374 square feet.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Chicago commercial real estate market includes 16,260,392 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Chicago market, there is a total of 25,573,555 square feet of industrial property.

The listing inventory in Chicago incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Chicago is represented by Retail space, which accounts for 11,822,810,311 square feet of available listings. Office space available in Chicago adds up to 24,516,885 square feet.

Meanwhile, most of the listings of commercial property for sale in Chicago are in the Retail category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Chicago is $24.64 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Chicago can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $36.9 per square foot, industrial space in Chicago saw average rents of $10.19 per square foot.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Chicago, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Chicago is in the Chicago Loop neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Chicago Loop area.

Meanwhile, retail space opportunities are most abundant in the Chicago Loop submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Near West Side.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $54.05 per square foot. In particular, the property type commanding the highest lease rates in Chicago was Office space.

Conversely, the highest sale price last year was $96,500,000 that is located at 300 South Wacker Drive.

The average size of a commercial property in Chicago depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Chicago, the average size of an office property is 330,973 square feet.
Retail properties here incorporate an average of 39,952 square feet.
Industrial space in Chicago is in buildings that are, on average 110,231 square feet in size.

Chicago, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Chicago currently add up to 14,560,484,654 square feet. The market offers 554 active office listing(s), which amount to 24,516,885 square feet and account for 45% of commercial spaces on the market. Local retail availability includes 11,822,809,411 square feet across 461 retail space(s). Industrial space for rent opportunities in Chicago amount to 11,167,394 square feet across a total of 171 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	554	24,516,885
Retail	461	11,822,809,411
Industrial	171	11,167,394
Other	31	2,701,990,963

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Chicago, IL. Currently, there is 15,785,338 square feet of commercial property for sale here , which includes 55 office building(s) for sale , 99 retail investment opportunity listing(s) , and 96 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	55	5,901,218
Retail	99	1,196,402
Industrial	96	5,951,876
Other	139	2,735,842

Chicago, IL Commercial Real Estate Market Overview

Chicago boasts one of the most highly diversified economies in the U.S., combining a solid manufacturing base with its role as a financial, research and innovation center. The city is also a global distribution hub, ranking as the third-largest inter-modal port in the world, behind only Hong Kong and Singapore.

In particular, commercial real estate properties in Chicago host a flurry of aerospace, medical, logistics and retail companies. Household names in the food industry — such as Kraft Heinz, Ferrara Candy, US Foods and Quaker Oats — also have a strong presence here. The city has also created a welcoming environment for many startups, with the likes of Grubhub, Groupon, Basecamp and NowSecure among its success stories.

The Chicago Transit Authority (CTA) provides public transportation services through its fleet of buses, as well as its rapid transit elevated and subway system, commonly referred to as the “L.” Commuter transit is handled by Pace, Metra and Amtrak lines, while seven mainline and four auxiliary interstate highways pass through the city and its suburbs. Chicago is also served by O’Hare International Airport and Midway International Airport, with the nearby Gary/Chicago International Airport and Chicago Rockford International Airport as alternatives.

Chicago, IL Commercial Real Estate for Lease - 1,205 Listings

4801 West Peterson Avenue

2110 W. Division Street

101 West Grand Avenue

Prime Urban Infill Corner | Addison St & Long Ave

330 North Wabash Avenue

311 South Wacker Drive

2455 South Damen Avenue

Wilson Yards - 4400 Broadway

640 North LaSalle Street

One North LaSalle Street

River Point

Spaces West Ohio Street

Chicago O’Hare Office Evolution

400-408 North Clark Street & 100 West Kinzie Street

LocalWorks - Chicago

6200 West 51st Street

Fulton Labs at 400 North Aberdeen

29 East Madison Street

2865 North Clybourn Avenue

The Glass Factory, 900 W. Cermak, Chicago

407 S. Peoria St.

The Jewelers Building

Veterans Square Office Center

Retail Center with Parking Lot On-Site along S. Halsted in Chicago

Union Tower

1634-1642 W. 79th St.

Frequently Asked Questions

Chicago, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Chicago, IL Commercial Real Estate Market Overview

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Chicago, IL Commercial Real Estate for Lease - 1,205 Listings

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Chicago, IL?

What factors affect the price of commercial real estate in Chicago, IL?

What is the average rent for commercial space in Chicago, IL?

What are the best areas for commercial real estate in Chicago, IL?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Chicago, IL?

Chicago, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Chicago, IL Commercial Real Estate Market Overview

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us