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3,006 Commercial Real Estate Listings in Chicago, IL

Chicago, IL Commercial Real Estate

There are currently 3,003 commercial listings available in Chicago, IL. These listings include 4,208 commercial spaces that encompass a total of 38,835,150 square feet. Available commercial spaces in Chicago, IL range in size from 1 square feet to 756,000 square feet. A total of 1,174 off-market commercial properties located in Chicago, IL are also available for research.

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Chicago, IL Commercial Real Estate Market Overview

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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 Inventory Breakdown

In 2022 the Chicago, IL commercial real estate market totaled 229,333,431 square feet of office spaces, 13,170,372 square feet of office spaces with retail, and 123,864,420 square feet of industrial space.

Office Spaces

Total: 229,333,431 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 12,860,255 SqFt 5.61% of total office
100k to 500k SqFt 58,145,657 SqFt 25.35% of total office
500k to 1M SqFt 63,891,044 SqFt 27.86% of total office
> 1M SqFt 94,436,475 SqFt 41.18% of total office
By class:
Class A+ 36,907,518 SqFt 16.09% of total office
Class A 97,297,620 SqFt 42.43% of total office
Class B 51,437,221 SqFt 22.43% of total office
Class C 1,951,024 SqFt 0.85% of total office
Roughly 27.86% of the total office space in Chicago, IL is comprised of properties between 500K to 1M square feet, and buildings between 50k to 100k square feet represent 5.61% of the office inventory.

Class A office space holds a 42.43% share of the overall Chicago, IL office market, while Class B office assets make up approximately 22.43%.


Total: 123,864,420 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 13,464,774 SqFt 10.87% of total industrial
100k to 500k SqFt 69,811,365 SqFt 56.36% of total industrial
500k to 1M SqFt 16,208,455 SqFt 13.09% of total industrial
> 1M SqFt 24,379,826 SqFt 19.68% of total industrial
By class:
Class A 21,390,358 SqFt 17.27% of total industrial
Class B 82,859,035 SqFt 66.89% of total industrial
Class C 9,559,657 SqFt 7.72% of total industrial
There are 69,811,365 square feet of commercial real estate properties between 100k to 500k square feet, representing 56.36% of the Chicago, IL industrial inventory. Class A assets total 21,390,358 square feet of industrial space, with an additional 82,859,035 square feet of Class B and 9,559,657 square feet of Class C properties.

Office Spaces with Retail

Total: 13,170,372 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 3,444,460 SqFt 26.15% of total office with retail
100k to 500k SqFt 7,844,709 SqFt 59.56% of total office with retail
500k to 1M SqFt 1,881,203 SqFt 14.28% of total office with retail

Chicago, IL Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Chicago, IL Office 706 23,733,721
Chicago, IL Retail 797 5,975,468
Chicago, IL Industrial 224 7,928,539
Chicago, IL Other 2,100 39,031,652
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Current local active listing encompass 76,669,380 square feet of commercial space for lease in Chicago. There are 706 active office listings, which amount to 23,733,721 square feet and account for 18% of commercial spaces on the market. Local retail availability includes 5,975,468 square feet across 797 listings. Current industrial offerings on the market amount to 7,928,539 square feet across a total of 224.

Employment in Chicago, IL

Employed Population 1,381,838

Employed population - Industry % Distribution

Management, business, science, and arts occupations


Service occupations


Sales and office occupations


Production, transportation, and material moving occupations


Natural resources, construction, and maintenance occupations


In 2020, roughly 45% of a total of 1,381,838 employed in Chicago worked in Management, business, science, and arts occupations, followed by 19% in Service occupations and 18% in Sales and office occupations.

Chicago, IL Demographics

As of 2020, Chicago had a total population of 2,693,959, with a median age of 35.20 years. Roughly 69.40% of the total population was between the ages of 16 and 64 years old.