Office Space for Rent Chicago

Office Space Chicago IL | Flexible & Private Office Rental

Offices.net features office buildings and business centers that offer a range of private and shared office space in Chicago, including virtual office packages and cowork space, on convenient rental terms. Most of the Chicago office space for rent is available on temporary agreements, enabling you to benefit from high-spec facilities in a professional environment for the length of time you require, without being locked into a lengthy lease agreement.

Finding the ideal location which allows your business to expand and also to develop the right network of connections is both a challenge and an opportunity. Many companies choose flexible workspace solutions, which gives them the freedom to expand or contract depending on their needs.

Most of the office centers and buildings located in Chicago's various business districts offer business support services such as telecommunications set up, high speed internet and network wiring, professional manned reception and office administration personnel. Additionally, many of the business centers also provide conference and meeting room amenities with video conferencing, event spaces, bike racks, free car parking, kitchen areas and onsite gyms.

Choose any of the executive office suites in Chicago listed on this page. All of the Chicago office space featured here is in a central location, and is available for immediate occupation on flexible, temporary rental terms.

Chicago Commercial Real Estate: Office Rentals

Chicago's iconic skyline is dotted with some of the tallest skyscrapers in the United States, many of which are devoted to office use, such as Michigan Plaza, the Willis Tower, Aeon Center, and John Hancock Center.

Downtown Chicago is the nation's second largest business district and is home to corporates in areas like banking, finance, and legal services.

• Central Loop: One of the largest office sub-markets within the city is Central Loop, a tight market that is being eyed by many technology firms looking for additional space.
• West Loop: Known for having new and highly efficient premises that are popular with large corporates.
• East Loop: Mostly consists of space in mid and low rise buildings and is usually favored by not-for-profit organizations and advertising firms.
• North Michigan Avenue: A relatively smaller market with medical offices, media, and communications companies who are drawn by lower asking rents due to the area's location away from the Central Business District.
• River North: A rapidly expanding sub-market and the preferred location of tech and creative companies in search of B and C Class space in former industrial units re-purposed as creative space and/or cowork hubs masquerading as industrial space.
• The Fulton area (also known as the Meatpacking district): Another emergent sub-market, where many tech firms are relocating.

How Much does Office Space Cost in Chicago IL

On the whole, the office market evidences strong tenant demand and high activity levels, mostly due to an ongoing trend whereby office occupiers are moving into smaller but more efficient premises. The highest priced offices are in West Loop (where asking rents average $42 / sq ft / year), and in prime office locations within the Central Business District and River North and Central Loop (2017 data).

The Chicago commercial space market outlook is strong in most areas, since activity is expected to keep rising due to the high amount of Class A office space under construction and to the ongoing migration to Central Business District and West Loop offices.

Why You Should Rent Office Space in Chicago IL

The City of Chicago is one of the top economic engines of the United States and has been an example of successful urban development since the late 19th century. Chicago boomed as a result of the industrialization process and of balanced economic growth policies that eventually led the city to producing the third largest GDP in the United States.

Prominent Industries: Virtually every industry sector is well represented in the Chicago business community, but the most important industries are business services, biotech, food and automotive manufacturing, FinTech, freight and distribution, health services, medical technology, and information technology. In addition, Chicago is one of the most visited cities in the USA, and tourism revenues exceed $900 million a year in a sector that supports more than 145,000 jobs.

Key Employers: Key employers in the city include the Chicago Federal Executive Board, the City of Chicago, Advocate Healthcare, JLL, Discover Financial Services, Hyatt Hotels, Baird & Warner, as well as Fortune 500 corporations like Walgreens, Boeing, Caterpillar, Exelon, and United Continental Holdings.

Workforce Demographics: Hiring and retaining staff is pretty straightforward in most industries. The metropolitan area has a workforce of more than 4 million people, and the Chicago downtown area alone is home to more than 20 colleges and universities, including top-ranking institutions like the University of Chicago and Illinois Institute of Technology.

Support for Business Owners: The city is known as a global business center that ranked among the top 10 in the 2016 Global Cities Index, scoring particularly high in economic performance, quality of life, ability to innovate, ease of doing business, and access to human capital. Moreover, the capital of Illinois state ranks 17th in a list of 25 states in the Kauffman Index of Entrepreneurship, achieving the best ratings in start-up growth and high-growth company density.

Chicago Fast Facts

• Chicago is known around the world as the 'Windy City'
• Chicago is the third most populous city in the United States and the most populous city in Illinois.
• The Chicago metropolitan area, also known as Chicagoland, is home to 9.9 million people.
• Incorporated as a city in 1837, Chicago is a major international center for commerce, finance, industry, technology, and telecommunications.
• The city has the second largest central business district in the U.S. and is home to major financial and futures exchanges, including the Chicago Stock Exchange and the Chicago Mercantile Exchange.
• In addition to finance, other important industries include manufacturing, printing and publishing, and food processing.
• The world class city is also a significant transportation hub: Chicago O'Hare International Airport is the busiest airport in the world, while the Port of Chicago connects commerce and industry in the state and the Mid-West with the rest of the world.
• Chicago's culture is also a major draw for tourists, and the city is renowned for its architecture, sports, music, theatre, and art.

Contact Offices.net

Ready to search for private offices or shared space in Chicago? Choose your favorites to add to your shortlist. Once you submit the form we'll be in touch with more details and rental costs. Or give us a call on 1800 038 940, tell us exactly what you need and let our experts search for you.

As well as the office space listed above, Offices.net can also provide a wide range of office rentals and office space for lease - including shared office space and executive office suites - in prime business locations in some of Chicago's most sought after locations as well as in other cities in Illinois.