Streeterville is a prime-tier Class A submarket of Chicago with average asking rent around $44/sqft/yr.
Magnificent Mile-adjacent professional cluster. · Tier: prime · Avg rent: $44/sqft/yr
Streeterville, east of Michigan Avenue, hosts a deep concentration of healthcare, education, and professional services HQs adjacent to Northwestern Medicine.
Healthcare, higher education, professional services, media.
20–40,000 sqft floor plates available across newer Class A stock.
Grand (CTA Red), Chicago (CTA Red).
Multi-modal transit with high commute capture from the city's professional catchment.
Navy Pier, Northwestern campus, Michigan Avenue retail.
Streeterville is one of 6 Class A submarkets we cover in Chicago, classified as prime tier with an average asking rent around $44/sqft/yr. Compared with the broader Chicago Class A stock, Streeterville typically attracts Healthcare, higher education, professional services, media and competes most directly with the city's other prime submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Streeterville: West Loop, The Loop, Fulton Market, River North. The full Chicago submarket atlas is at /cities/chicago.
For an institutional Class A occupier evaluating Streeterville, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to Chicago Class A leasing and to the prime tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.