120 S Riverside Plaza - 11th Floor Available for… — Lease in Chicago, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Chicago, IL 60606

Description

Office | For Sublease: 37,055 SF 37,055 SF -11th FloorFully furnished & wired222 Workstations (sit/stand)15 Private Offices16 Conference Rooms12 Phone RoomsAvailable: July 2025Term: Thru May 2027 or Dec 2030Rental Rate: Negotiabl Key Facts Available: July 2025 Term: Thru May 2027 or Dec 2030 Rental Rate: Negotiable

Market Context

This office in Chicago, IL is listed for lease. It has been on the market for 175 days. Compare it against other office listings for lease in Chicago, IL — view the full market.

As of Q1 2026, the Chicago office market showed a 26.9% vacancy rate, average asking rents near $45.41/SF/yr, rents up 5.2% year over year, and cap rates around 9.8%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Office market FAQ

What is the typical cap rate for office in Chicago?
About 9.8% as of Q1 2026, per multiple brokerage reports.
Is the Chicago office market tightening or softening?
Vacancy is around 26.9%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$5.65/SF/mo – $7.64/SF/mo

Mid: $6.64/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

Based on comparable properties in similar markets rather than local sales.

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