The Loop (prime, ~$50/sqft/yr) is one of 6 Chicago Class A submarkets we track.

• The Loop sits at prime tier.
• Average rent $50/sqft/yr vs city average 52.
• Compared submarkets: West Loop (trophy), Fulton Market (prime), River North (established).

TL;DR

• The Loop sits at prime tier.
• Average rent $50/sqft/yr vs city average 52.
• Compared submarkets: West Loop (trophy), Fulton Market (prime), River North (established).

Side-by-side with peers

**West Loop** (trophy, $70/sqft/yr) — Chicago's resurgent trophy quarter. **Fulton Market** (prime, $65/sqft/yr) — Tech-and-creative spine northwest of the Loop. **River North** (established, $48/sqft/yr) — Boutique HQs and creative agencies. **West Loop Gate** (established, $38/sqft/yr) — Quietly emerging western Class A spine. **Streeterville** (prime, $44/sqft/yr) — Magnificent Mile-adjacent professional cluster.

Key facts

Frequently asked questions

What other submarkets compete with The Loop in Chicago?

West Loop, Fulton Market, River North

Related

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

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

Related topics

• Class A Lease Negotiation — How to negotiate a Class A office lease — the playbook from LOI to signed deal.
• Hybrid Workplace Strategy — How to size, structure, and lease a Class A office for a hybrid workforce.
• ESG / LEED for Tenants — How tenants evaluate, negotiate, and report on ESG performance in a Class A office lease.
• 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.