Chicago, IL Commercial Real Estate for Lease - 1,193 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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The Boyce Building

500 North Dearborn Street, Near North Side Chicago, Chicago, IL
Property

Office

168,000 SF
Availability

14 Spaces

113,366 SF
Year Built

1912
For Lease Contact for pricing
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Clarendale Six Corners

4715 W Irving Park Road, Old Irving Park, Chicago, IL
Property

Retail
Availability

8 Spaces

17,725 SF
For Lease Contact for pricing
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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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Terminals Building

539 S. Dearborn Street, South Loop, Chicago, IL
Property

Retail

72,114 SF
Availability

1 Space

1,792 SF
For Lease

$29.00 - $31.00/SF/YR
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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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205 West Upper Wacker Drive

205 West Upper Wacker Drive, Chicago Loop, Chicago, IL
Property

Office

263,650 SF
Availability

1 Space

220,000 SF
Year Built

1929
For Lease Contact for pricing
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57 West Grand

57 West Grand Avenue, Near North Side Chicago, Chicago, IL
Property

Office

80,000 SF
Availability

6 Spaces

39,866 SF
Year Built

1912
For Lease Contact for pricing
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The National

125 South Clark Street, Chicago Loop, Chicago, IL
Property

Office

577,000 SF
Availability

1 Space

16,564 SF
Year Built

1917
For Lease Contact for pricing
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445 West Erie Street

445 West Erie Street , River North, Chicago, IL
Property

Office

52,931 SF
Availability

9 Spaces

15,709 SF
Year Built

1903
For Lease

$15.00 - $27.00/SF/YR
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Fulton Market | Mixed-Use

1115 W Lake Street, Fulton Market, Chicago, IL
Property

Retail

7,500 SF
Availability

1 Space

2,500 SF
Year Built

1898
For Lease

$40.00/SF/YR
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One Magnificent Mile

980 North Michigan Avenue, Gold Coast, Chicago, IL
Property

Office

401,032 SF
Availability

21 Spaces

59,292 SF
Year Built

1983
For Lease Contact for pricing
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2058 W Roscoe St

2058 W Roscoe St, Roscoe Village, Chicago, IL
Property

Mixed Use

6,012 SF
Availability Contact for availability

For Lease Contact for pricing
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Price Reduction | +/- 13,600 SF Warehouse | TIF District & SBA HUB Zone

10332 (10328-10336) S. Commercial Avenue, South Deering, Chicago, IL
Property

Industrial

13,600 SF
Availability

1 Space

13,600 SF
Year Built

1997
For Lease

$7.00/SF/YR
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3927 West Belmont Avenue

3927 West Belmont Avenue, Jackowo, Chicago, IL
Property

Retail
Availability

1 Space

8,538 Acre
For Lease Contact for pricing
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311 W Illinois Street

311 W Illinois Street, River North, Chicago, IL
Property

Retail
Availability

1 Space

3,100 Acre
For Lease Contact for pricing
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535 N Michigan Avenue

535 N Michigan Avenue, Streeterville, Chicago, IL
Property

Retail
Availability

1 Space

1,076 Acre
For Lease Contact for pricing
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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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40 North Wells

40 N Wells, Chicago Loop, Chicago, IL
Property

Office

16,625 SF
Availability

2 Spaces

4,620 SF
Year Built

1874
For Lease

$19.00/SF/YR
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2235 West North Avenue

2235 West North Avenue, Wicker Park, Chicago, IL
Property

Office

1,000 SF
Availability

1 Space

1,000 SF
For Lease

$3,500.00/MO
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555 W. 14th Place

555 W. 14th Street, University Village, Chicago, IL
Property

Industrial

22,440 SF
Availability

1 Space

22,440 SF
For Lease Contact for pricing
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One North LaSalle

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

Office

493,738 SF
Availability

1 Space

4,179 SF
Year Built

1930
For Lease Contact for pricing
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Sungate Industrial Park

5410-5480 W Roosevelt Road, Austin, Chicago, IL
Property

Industrial

1,364,700 SF
Availability

6 Spaces

142,723 SF
For Lease

$7.00 - $7.75/SF/YR
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11109 S Halsted

11109 South Halsted Street, Roseland, Chicago, IL
Property

Retail

6,370 SF
Availability

1 Space

1,350 SF
Year Built

1950
For Lease

$21.00/SF/YR
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The Post Office

433 West Van Buren Street, South Loop, Chicago, IL
Property

Office

2,800,000 SF
Availability

3 Spaces

118,714 SF
Year Built

2019
For Lease Contact for pricing
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2317 N. Clark Street

2317 North Clark Street, Lincoln Park, Chicago, IL
Property

Retail

1 SF
Availability

1 Space

2,500 SF
Year Built

2023
For Lease Contact for pricing
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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 169,549,171 square feet of office space across 601 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 92,939 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 16,610,545 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 24,623,223 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 8,759,742,383 square feet of available listings. Office space available in Chicago adds up to 22,179,191 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 $24.56 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 $34.16 per square foot, industrial space in Chicago saw average rents of $10.18 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 $60 per square foot. In particular, the property type commanding the highest lease rates in Chicago was Retail 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 325,431 square feet.
Retail properties here incorporate an average of 41,116 square feet.
Industrial space in Chicago is in buildings that are, on average 108,953 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 11,495,253,699 square feet. The market offers 542 active office listing(s), which amount to 22,175,191 square feet and account for 45% of commercial spaces on the market. Local retail availability includes 8,759,741,483 square feet across 451 retail space(s). Industrial space for rent opportunities in Chicago amount to 10,425,967 square feet across a total of 165 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	542	22,175,191
Retail	451	8,759,741,483
Industrial	165	10,425,967
Other	30	2,702,911,058

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 15,494,946 square feet of commercial property for sale here , which includes 56 office building(s) for sale , 101 retail investment opportunity listing(s) , and 92 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	56	4,891,134
Retail	101	1,318,474
Industrial	92	6,150,817
Other	151	3,134,521

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 - 1,193 Listings

4801 West Peterson Avenue

The Boyce Building

Clarendale Six Corners

311 South Wacker Drive

Terminals Building

Veterans Square Office Center

205 West Upper Wacker Drive

57 West Grand

The National

445 West Erie Street

Fulton Market | Mixed-Use

One Magnificent Mile

2058 W Roscoe St

Price Reduction | +/- 13,600 SF Warehouse | TIF District & SBA HUB Zone

3927 West Belmont Avenue

311 W Illinois Street

535 N Michigan Avenue

400-408 North Clark Street & 100 West Kinzie Street

40 North Wells

2235 West North Avenue

555 W. 14th Place

One North LaSalle

Sungate Industrial Park

11109 S Halsted

The Post Office

2317 N. Clark Street

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 - 1,193 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