20th Floor Sublease Space — Lease in Chicago, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Chicago, IL 60654

Description

Office | For Sublease: 38,611 SF Fully furnished and wired115 Workstations30 Private Offices7 Huddle Rooms4 Phone Rooms1 Board Room2 Medium Conference Rooms2 Large Training Rooms2 Cafes / break RoomsPrivate Rooftop TerraceRental Rate Key Facts Rental Rate: Negotiable

Market Context

This office in Chicago, IL is listed for lease. It has been on the market for 176 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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