Where do asset management occupiers lease office space in Chicago?

Most cluster in West Loop. Rent runs ~52 USD/sqft ($52 USD) for trophy and prime stock.

What fit-out spec do asset management occupiers run in Chicago?

Typically trophy at $290–430/sqft.

How much office space per seat should a asset management occupier plan in Chicago?

Plan ~230 sqft per seat blended. A 100-person team typically takes 23,000 sqft.

What NAICS codes describe the asset management vertical?

Representative NAICS 2022 codes: 523930, 523920.

What is the talent index in Chicago?

88/100. Use the city profile for full detail.

Asset management occupiers in Chicago typically cluster in West Loop, plan ~230 sqft per seat at trophy fit-out ($290–430/sqft), and pay around 52 USD/sqft ($52 USD) on Class A.

Preferred submarket: West Loop.
Typical fit-out spec: Trophy ($290–430/sqft).
Plan ~230 sqft per seat for headcount sizing.
Class A rent context: 52 USD/sqft ($52 USD).
Typical lease: 10 years with 22 months rent-free.
Talent depth in Chicago: 88/100.

Asset management office space in Chicago

Asset management occupiers in Chicago typically cluster in West Loop, plan ~230 sqft per seat at trophy fit-out">fit-out ($290–430/sqft), and pay around 52 USD/sqft ($52 USD) on Class A.

TL;DR

Preferred submarket: West Loop.
Typical fit-out spec: Trophy ($290–430/sqft).
Plan ~230 sqft per seat for headcount sizing.
Class A rent context: 52 USD/sqft ($52 USD).
Typical lease: 10 years with 22 months rent-free.
Talent depth in Chicago: 88/100.

Where they cluster

Asset management occupiers in Chicago typically anchor in West Loop. Professional services, fintech, trading, top law firms.

What they pay

Class A rent in Chicago runs 52 USD/sqft ($52 USD) on a 10-year lease with 22 months free. Trophy submarkets command a 20–40% premium above the city index.

Spec and fit-out

Typical asset management fit-out targets trophy specification at $290–430/sqft. Bespoke design, signature feature, top-tier MEP and acoustic packages are standard.

Headcount sizing

Plan around 230 sqft per seat blended (workstation + circulation + amenity). A 100-headcount asset mgmt office in Chicago typically targets 23,000 sqft of leasable area.

Talent angle

Portfolio teams cluster around private-banking corridors; family-office tenancy keeps boutique trophy stock tight. Deep professional-services, fintech, and trading talent pool. Average all-in compensation indexes 88 vs. New York.

Tax and lease context

Headline corporate tax: 28.5%. Modified-gross with op-ex escalations over a base year. Rent-free 18-30 months and TI $120-$200/sqft on a 10-year term are current market.

Key facts

city	Chicago
industry	Asset management
naics	523930, 523920
preferredSubmarket	West Loop
preferredFitoutSpec	Trophy
fitoutBand	$290–430/sqft
sqftPerSeat	230
classARentLocal	52 USD/sqft/yr
classARentUsd	$52/sqft/yr
vacancyPct	24.5%
typicalLeaseYears	10
typicalRentFreeMonths	22
talentIndex	88
corporateTaxPct	28.5%

Frequently asked questions

Where do asset management occupiers lease office space in Chicago?: Most cluster in West Loop. Rent runs ~52 USD/sqft ($52 USD) for trophy and prime stock.
What fit-out spec do asset management occupiers run in Chicago?: Typically trophy at $290–430/sqft.
How much office space per seat should a asset management occupier plan in Chicago?: Plan ~230 sqft per seat blended. A 100-person team typically takes 23,000 sqft.
What NAICS codes describe the asset management vertical?: Representative NAICS 2022 codes: 523930, 523920.
What is the talent index in Chicago?: 88/100. Use the city profile for full detail.

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

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