Quick reference: Chicago Class A rent is 52 USD/sqft ($52 USD), typical term 10 years, 22 months free.

• Class A rent: 52 USD/sqft/yr ($52 USD).
• Typical term: 10 years.
• Typical rent-free: 22 months.
• Vacancy: 24.5%.

TL;DR

• Class A rent: 52 USD/sqft/yr ($52 USD).
• Typical term: 10 years.
• Typical rent-free: 22 months.
• Vacancy: 24.5%.

Quick reference

Use this page as the fast-answer reference for Chicago. Deep coverage lives on the city page, the topic pages, and the comparison views.

Key facts

Frequently asked questions

Why has the West Loop overtaken the Loop?

Newer trophy delivery, riverfront amenity, Union Station/Ogilvie adjacency, and stronger end-of-trip facilities. The Loop is responding with major repositionings.

Editorial provenance

Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

• CBRE Marketview reports — CBRE
• JLL Office Insight — JLL
• Cushman & Wakefield Marketbeat — Cushman & Wakefield
• Savills World Research — Savills
• Colliers Global Office Outlook — Colliers

Full sources index · Submit a correction

Related topics

• Class A Lease Negotiation — How to negotiate a Class A office lease — the playbook from LOI to signed deal.
• Hybrid Workplace Strategy — How to size, structure, and lease a Class A office for a hybrid workforce.
• ESG / LEED for Tenants — How tenants evaluate, negotiate, and report on ESG performance in a Class A office lease.
• Cross-border Expansion — How to run a coordinated Class A office search across multiple geographies.
• Fit-out Capex — How to budget, sequence, and govern Class A office fit-out">fit-out capex.
• Lease vs Flex — When premium flex (coworking, managed office) beats a conventional Class A lease — and vice versa.