West Loop is a trophy-tier Chicago submarket with average asking rent around $70/sqft/yr.

  • Average asking rent: $70/sqft/yr.
  • Tier: trophy.
  • Citywide Class A rent context: $52/sqft/yr ($52 USD).
  • Citywide vacancy: 24.5% — submarket-level availability is typically tighter at trophy tier.

West Loop, Chicago office rents and availability

West Loop is a trophy-tier Chicago submarket with average asking rent around $70/sqft/yr.

TL;DR

  • Average asking rent: $70/sqft/yr.
  • Tier: trophy.
  • Citywide Class A rent context: $52/sqft/yr ($52 USD).
  • Citywide vacancy: 24.5% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

West Loop averages around $70/sqft/yr for Class A, against a citywide Class A index of 52. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

Chicago's resurgent trophy quarter. Professional services, fintech, trading, top law firms.

Key facts

cityChicago
submarketWest Loop
tiertrophy
averageRentLocal$70/sqft/yr
cityClassARentUsd$52/sqft/yr
cityVacancyPct24.5%

Frequently asked questions

What is the average Class A rent in West Loop, Chicago?
Around $70/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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