4801 S California Avenue, Chicago — Lease in Chicago, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Chicago, IL 60632
  • Submarket: Chicago South

Photos

4801 S California Avenue, Chicago — Lease in Chicago, IL, photo 1 of 3
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Description

5,124 - 50,247 SF Industrial Space Available on Chicago's South Side

Market Context

This industrial in Chicago, IL is listed for lease. Compare it against other industrial listings for lease in Chicago, IL — view the full market.

As of Q2 2026, the Chicago industrial market showed a 5.3% vacancy rate, and rents up 7.4% year over year. Source: multiple brokerage reports, Q2 2026.

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

Industrial market FAQ

Is the Chicago industrial market tightening or softening?
Vacancy is around 5.3%, with asking rents rising year over year (Q2 2026).

Estimated Market Rate

$0.52/SF/mo – $0.71/SF/mo

Mid: $0.62/SF/mo

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

By our match to nearby addresses in brokers' reports, this property is in the Chicago South submarket, where average warehouse/distribution asking rent was $8.07/SF/yr in Cushman & Wakefield's Q1 2026 report.

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