{
  "url": "https://classa.info/cities/chicago",
  "title": "Chicago Class A Office Market",
  "description": "The Loop and the West Loop — two distinct trophy markets.",
  "oneSentenceAnswer": "Chicago Class A office rents around $52/sqft/yr, with 24.5% vacancy and 22 months of typical rent-free on a 10-year term.",
  "tldr": [
    "West Loop has overtaken the Loop on trophy rents.",
    "Concessions remain rich: 18-30 months free on a 10-year deal.",
    "Sublease overhang concentrated in older Loop Class B stock.",
    "Structural ESG retrofits accelerating across Loop trophy assets.",
    "AI and fintech tenants drive net new absorption."
  ],
  "keyFacts": {
    "city": "Chicago",
    "country": "United States",
    "region": "Americas",
    "classARentLocal": "$52/sqft/yr",
    "classARentUsd": "$52/sqft/yr",
    "vacancyPct": "24.5%",
    "typicalLeaseYears": 10,
    "typicalRentFreeMonths": 22,
    "submarkets": 6,
    "corporateTaxPct": "28.5%",
    "talentIndex": 88
  },
  "faqs": [
    {
      "question": "Why has the West Loop overtaken the Loop?",
      "answer": "Newer trophy delivery, riverfront amenity, Union Station/Ogilvie adjacency, and stronger end-of-trip facilities. The Loop is responding with major repositionings."
    }
  ],
  "pageType": "city",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/chicago), updated 2026-04-15T00:00:00.000Z."
}