151 North Franklin — Sale in Chicago, IL

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

Description

Now Available for Sublease, located at 151 N Franklin St. 24,846-49,692 RSF Up to 49,692 RSF available immediately on two floors with a 5/31/2035 expiration; Floor to ceiling glass and 9’6” ceilings provide optimized sunlight and stunning views; Francois Frankie French bistro, Left Coast Café, Sundry Shop, fitness center, conference center, and bike room; Rooftop sky garden, second floor terrace and three-story covered plaza provide wide variety of “third space

Market Context

This office in Chicago, IL is listed for sale. It has been on the market for 141 days. Compare it against other office listings for sale 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 assets trade 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).

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