River North is a established-tier Chicago submarket with average asking rent around $48/sqft/yr.

  • Average asking rent: $48/sqft/yr.
  • Tier: established.
  • Citywide Class A rent context: $52/sqft/yr ($52 USD).
  • Citywide vacancy: 24.5% — submarket-level availability is typically tighter at established tier.

River North, Chicago office rents and availability

River North is a established-tier Chicago submarket with average asking rent around $48/sqft/yr.

TL;DR

  • Average asking rent: $48/sqft/yr.
  • Tier: established.
  • Citywide Class A rent context: $52/sqft/yr ($52 USD).
  • Citywide vacancy: 24.5% — submarket-level availability is typically tighter at established tier.

Where rent sits

River North averages around $48/sqft/yr for Class A, against a citywide Class A index of 52. As an established / value submarket, rent runs at or below city average with deeper availability.

Availability dynamics

Boutique HQs and creative agencies. Creative agencies, boutique tech, professional services.

Key facts

cityChicago
submarketRiver North
tierestablished
averageRentLocal$48/sqft/yr
cityClassARentUsd$52/sqft/yr
cityVacancyPct24.5%

Frequently asked questions

What is the average Class A rent in River North, Chicago?
Around $48/sqft/yr. The citywide Class A index sits at $52/sqft/yr.

Related

Editorial provenance

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

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