Chicago | 32,676 SF Office Sublease on Wacker — Lease in Chicago, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Chicago, IL 60606

Description

Office | For Sublease: 32,676 SF • Divisible to ~15,000 SF• Asking Rate: Negotiable• Available immediately• Expiration: 1/31/2034• Fully furnished - plug & play• Natural light throughout• Highly Key Facts • Divisible to ~15,000 SF • Asking Rate: Negotiable • Available immediately • Expiration: 1/31/2034 • Fully furnished - plug & play • Natural light throughout • Highly efficient floor plate • New construction Brendan Carrane Broker Chicago - Rosemont License #: 475.208564 +1 3126130095 Call Mobile +1 3126130095 License #: 475.208564 Colin Carrane Senior Financial Analyst - BROK Chicago - Rosemont License #: 475.201470 +1 847 268 0226 Call Now +1 847 268 0226 1-312-259-0038 Call Mobile 1-312-259-0038

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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