The Loop is best-fit for banking, professional services, legal, insurance.

  • Tier: prime.
  • Tenant fit: Banking, professional services, legal, insurance.
  • Average rent $50/sqft/yr.

The Loop, Chicago: best fit for…

The Loop is best-fit for banking, professional services, legal, insurance.

TL;DR

  • Tier: prime.
  • Tenant fit: Banking, professional services, legal, insurance.
  • Average rent $50/sqft/yr.

Best fit

Banking, professional services, legal, insurance.

Less good fit

Tenants demanding the absolute top-of-market trophy address may find prime tier just below their target.

Key facts

cityChicago
submarketThe Loop
tierprime
averageRentLocal$50/sqft/yr
cityClassARentUsd$52/sqft/yr
cityVacancyPct24.5%

Frequently asked questions

Is The Loop the right fit for my office?
Banking, professional services, legal, insurance. If your profile aligns, yes. If your priority is cost over address, consider value-tier submarkets first.

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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