500 West Madison Street — Lease in Chicago, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Chicago, IL 60661

Market Context

This office in Chicago, IL is listed for lease. 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 27.2% vacancy rate, and average asking rents near $45.41/SF/yr. Source: multiple brokerage reports, Q1 2026.

Above-average vacancy gives tenants leverage and a wide set of comparables.

Office market FAQ

Is the Chicago office market tightening or softening?
Vacancy is around 27.2% (Q1 2026).

Estimated Market Rate

$2.86/SF/mo – $3.86/SF/mo

Mid: $3.36/SF/mo

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

Contact the listing broker

This listing comes from the Cushman & Wakefield website. CREhunt does not pass messages to the broker. Contact the broker directly.

No broker contact on file. Look for this listing on the Cushman & Wakefield website.

Questions to ask the broker

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  • What is the asking rent, and is it quoted per SF per month or per year?
  • Is the rent gross, modified gross or triple net (NNN)?
  • What is the current zoning, and does it allow my intended use?
  • How many parking spaces come with the property?
  • What lease term and renewal options are offered?

Explore this market

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