55 West Monroe — Lease in Chicago, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Chicago, IL 60603

Description

Centrally located in Chicago's Downtown Loop offering tenants with a convenient and desired office destination. A minute walk to the suburban trains and CTA buses makes it easy for commuters coming in to the loop each day.

Market Context

This office in Chicago, IL is listed for lease. 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).

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