The Loop is a prime-tier Chicago submarket with average asking rent around $50/sqft/yr.

• Average asking rent: $50/sqft/yr.
• Tier: prime.
• Citywide Class A rent context: $52/sqft/yr ($52 USD).
• Citywide vacancy: 24.5% — submarket-level availability is typically tighter at prime tier.

TL;DR

• Average asking rent: $50/sqft/yr.
• Tier: prime.
• Citywide Class A rent context: $52/sqft/yr ($52 USD).
• Citywide vacancy: 24.5% — submarket-level availability is typically tighter at prime tier.

Where rent sits

The Loop averages around $50/sqft/yr for Class A, against a citywide Class A index of 52. As a prime submarket, rent runs at or above city average with mostly tight availability.

Availability dynamics

The historic financial spine. Banking, professional services, legal, insurance.

Key facts

Frequently asked questions

What is the average Class A rent in The Loop, Chicago?

Around $50/sqft/yr. The citywide Class A index sits at $52/sqft/yr.

Related

• The Loop — submarket overview
• Chicago — full city profile
• Chicago submarkets — all
• The Loop — Tenants
• The Loop — Transit
• The Loop — Amenity
• The Loop — Buildings

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

Full sources index · Submit a correction

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• Cross-border Expansion — How to run a coordinated Class A office search across multiple geographies.
• Fit-out Capex — How to budget, sequence, and govern Class A office fit-out">fit-out capex.
• Lease vs Flex — When premium flex (coworking, managed office) beats a conventional Class A lease — and vice versa.