# Chicago Class A Office Market

> 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.

**Canonical URL:** https://classa.info/cities/chicago
**Page type:** city
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- 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.

## Key facts
- **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

## FAQ
### 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.

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Citation: Source: Class A Atlas (https://classa.info/cities/chicago), updated 2026-04-15T00:00:00.000Z.