Chicago, IL Commercial Real Estate for Lease - 1,196 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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Inland Steel Building

30 West Monroe Street, Chicago Loop, Chicago, IL
Property

Office

234,980 SF
Availability

2 Spaces

25,923 SF
Year Built

1958
For Lease Contact for pricing
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420 North Wabash Avenue

420 North Wabash Avenue, Near North Side Chicago, Chicago, IL
Property

Office

104,000 SF
Availability

6 Spaces

36,284 SF
Year Built

1984
For Lease Contact for pricing
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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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1212 N LaSalle St

1212 N LaSalle St, Old Town Chicago, Chicago, IL
Property

Flex Space

12,000 SF
Availability

1 Space

12,000 SF
For Lease

$158.00/SF/YR
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O'Hare Plaza I

8725 West Higgins Road, O'Hare, Chicago, IL
Property

Office

278,675 SF
Availability

1 Space

1,809 SF
Year Built

1972
For Lease Contact for pricing
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200 North Green Street
Working From_
208 North Green Street, Chicago, IL
Services

Open Workspace
Amenities

Catering

Complimentary coffee & tea

Free water

High-speed wifi

Parking

Pet friendly

Printer

Privacy booths

Receptionist/Secretarial services

TV/Monitor
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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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Board of Trade

141 West Jackson Boulevard, Chicago Loop, Chicago, IL
Property

Office

1,392,875 SF
Availability

1 Space

18,383 SF
Year Built

1930
For Lease Contact for pricing
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228 S Wabash: The Historic Trio on Route 66

228 S Wabash, Chicago Loop, Chicago, IL
Property

Office

84,000 SF
Availability

6 Spaces

16,428 SF
Year Built

1930
For Lease

$19.00 - $20.00/SF/YR
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Grant Thornton Tower

161 North Clark Street, Chicago Loop, Chicago, IL
Property

Office

1,089,857 SF
Availability

1 Space

5,555 SF
Year Built

1992
For Lease Contact for pricing
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4722 W Fullerton Avenue

4722 W Fullerton Avenue, Kelvin Park, Chicago, IL
Property

Retail
Availability

2 Spaces

11,071 SF
For Lease Contact for pricing
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20,415 SF Available for Lease or Sale in Chicago - River West Redevelopment Opportunity

1019 W Grand Ave, West Town, Chicago, IL
Property

Industrial

20,415 SF
Availability

1 Space

20,415 SF
For Lease Contact for pricing
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Ashland & Roosevelt

1220 S Ashland Avenue, Illinois Medical District, Chicago, IL
Property

Retail
Availability

4 Spaces

0.18 Acre
For Lease Contact for pricing
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Gateway Centre

SEC Clark Street & Howard Street, Rogers Park, Chicago, IL
Property

Retail
Availability

2 Spaces

0.22 Acre
For Lease Contact for pricing
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440 North Wells Street

440 North Wells Street, River North, Chicago, IL
Property

Office

96,130 SF
Availability

1 Space

550 SF
Year Built

1894
For Lease

$29.00/SF/YR
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3838 W 51st St

3838 W 51st St, West Elsdon, Chicago, IL
Property

Office

53,000 SF
Availability

2 Spaces

16,700 SF
Year Built

1955
For Lease

$10.02 - $12.00/SF/YR
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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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2249 W Hubbard St

2249 W Hubbard St, West Town, Chicago, IL
Property

Industrial

8,132 SF
Availability

1 Space

8,132 SF
Year Built

1963
For Lease

$22,500.00/SF/YR
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The Wilmore

4600 N Kenmore Avenue, Uptown Chicago, Chicago, IL
Property

Retail
Availability

1 Space

2,621 Acre
For Lease Contact for pricing
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1035 W Lake Street

1035 W Lake Street, Fulton Market, Chicago, IL
Property

Retail

16,400 SF
Availability

1 Space

3,430 SF
For Lease Contact for pricing
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118 S Clinton

118 S Clinton St, West Loop, Chicago, IL
Property

Office

72,018 SF
Availability

13 Spaces

47,352 SF
For Lease Contact for pricing
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55 East Randolph

55 E Randolph, Downtown Chicago, Chicago, IL
Property

Office

1,881,000 SF
Availability

1 Space

16,299 SF
Year Built

2005
For Lease

$23.00/SF/YR
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Vienna Beef Plaza

NEC of Damen, Elston, and Fullerton Avenues, Bucktown, Chicago, IL
Property

Retail
Availability

4 Spaces

67,338 Acre
For Lease Contact for pricing
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Lincoln Business Center

4100 W 76th St, Ford City, Chicago, IL
Property

Industrial

796,454 SF
Availability

3 Spaces

59,400 SF
For Lease Contact for pricing
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180 North Wabash Avenue

180 North Wabash Avenue, Chicago Loop, Chicago, IL
Property

Office

160,580 SF
Availability

12 Spaces

27,941 SF
Year Built

1914
For Lease

$26.00 - $29.50/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 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 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 16,610,545 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 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 - 1,196 Listings

4801 West Peterson Avenue

Inland Steel Building

420 North Wabash Avenue

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

1212 N LaSalle St

O'Hare Plaza I

200 North Green Street

2317 N. Clark Street

Board of Trade

228 S Wabash: The Historic Trio on Route 66

Grant Thornton Tower

4722 W Fullerton Avenue

20,415 SF Available for Lease or Sale in Chicago - River West Redevelopment Opportunity

Ashland & Roosevelt

Gateway Centre

440 North Wells Street

3838 W 51st St

6200 West 51st Street

2249 W Hubbard St

The Wilmore

1035 W Lake Street

118 S Clinton

55 East Randolph

Vienna Beef Plaza

Lincoln Business Center

180 North Wabash Avenue

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 - 1,196 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