In addition to preferred particularities of local culture, economy, and geography, businesses looking to expand or relocate also give great consideration to the size, variety, and quality of the commercial real estate in and around their city of interest.
Total Office Space in Chicago: 234,250,637 Sq. Ft.
In Chicago, the largest share of office space is in office properties sized greater then 1M square feet. In terms of quality rating, you’ll find that 100,272,160 square feet of office space in Chicago is rated Class A. Office space rated Class B amount to 55,170,051 square feet.
Chicago Office Market Breakdown by Building Size
| Building Size Range |
Total Square Feet |
Share of Total Office |
| 50k to 100k Sq. Ft. |
13,337,068 Sq. Ft. |
5.69% |
| 100k to 500k Sq. Ft. |
59,275,079 Sq. Ft. |
25.3% |
| 500k to 1M Sq. Ft. |
63,118,599 Sq. Ft. |
26.94% |
| > 1M Sq. Ft. |
92,142,475 Sq. Ft. |
39.33% |
Chicago Office Market Breakdown by Building Quality Rating
| Class |
Total Square Feet |
Share of Total Office |
| Class A+ |
37,412,918 Sq. Ft. |
15.97% |
| Class A |
100,272,160 Sq. Ft. |
42.81% |
| Class B |
55,170,051 Sq. Ft. |
23.55% |
| Class C |
4,980,424 Sq. Ft. |
2.13% |
Data was provided by CommercialEdge, refers to properties larger than 50,000 square feet.
Total Industrial Space in Chicago: 132,664,102 Sq. Ft.
Chicago is home to an industrial real estate market that encompasses 132,664,102 square feet of space across 263 industrial properties of various use types, sizes, and quality ratings.
Chicago Industrial Market Breakdown by Building Size
| Building Size Range |
Total Square Feet |
Share of Total Industrial |
| 50k to 100k Sq. Ft. |
13,611,453 Sq. Ft. |
10.26% |
| 100k to 500k Sq. Ft. |
70,959,024 Sq. Ft. |
53.49% |
| 500k to 1M Sq. Ft. |
14,240,464 Sq. Ft. |
10.73% |
| > 1M Sq. Ft. |
25,399,179 Sq. Ft. |
19.15% |
Chicago Industrial Market Breakdown by Building Quality Rating
| Class |
Total Square Feet |
Share of Total Industrial |
| Class A |
23,435,881 Sq. Ft. |
17.67% |
| Class B |
84,704,074 Sq. Ft. |
63.85% |
| Class C |
15,456,629 Sq. Ft. |
11.65% |
Data was provided by CommercialEdge, refers to industrial use properties larger than 50,000 square feet.
Total Retail Space in Chicago: 21,001,515 Sq. Ft.
The Chicago commercial real estate market includes 683 properties that are dedicated to retail use. The various types of retail space here account for 21,001,515 square feet of commercial property in Chicago.
Chicago Retail Market Breakdown by Building Size
| Building Size Range |
Total Square Feet |
Share of Total Retail |
| 50k to 100k Sq. Ft. |
5,386,690 Sq. Ft. |
25.65% |
| 100k to 500k Sq. Ft. |
10,975,142 Sq. Ft. |
52.26% |
| 500k to 1M Sq. Ft. |
1,881,203 Sq. Ft. |
8.96% |
| > 1M Sq. Ft. |
2,758,480 Sq. Ft. |
13.13% |
Data was provided by CommercialEdge and refers to retail properties larger than 50,000 square feet.
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