55 E WACKER DR, CHICAGO, IL 60601 — Lease in Chicago, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Chicago, IL 60601
  • Size: 332,173 SF
  • Year built: 1967

Description

55 W Wacker Dr, Suite 1550 offers 4,175 RSF of move-in ready, furnished office space in the heart of Chicago’s Loop. This corner suite features partially lofted ceilings, abundant natural light, great city views, and a functional layout ideal for a professional office user. The existing layout includes a reception/waiting area, large conference room with seating for 12, 22 workstations with room to expand, 2 private offices, a large workroom that can be converted into an additional office or team room, and a spacious kitchen. Furniture is included, allowing a tenant to occupy the space quickly with minimal upfront buildout required. Additional contiguous space is available in raw condition and can be built out, creating the opportunity to expand from 4,175 RSF up to 8,175 RSF. Asking rent is $22.50/SF NNN. Located in a Class B office building, the property offers manned security, on-site property management, banking, signage opportunities, available storage, handicap accessibility, and convenient access to bus lines and commuter rail. The building is also adjacent to a hotel, providing added convenience for visiting clients, guests, and employees. One parking space may be available for an additional monthly fee. Building SF: 332173 | Land Size: 18295.0 SF | Year Built: 1967 | Listing Type: FOR LEASE

Market Context

This office in Chicago, IL is listed for lease across 332,173 SF. The building dates to 1967. It has been on the market for 53 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

Estimated total for 332,173 SF: $2,205,629 per month

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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