Washington Square — Sale in Chicago, IL

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

Description

Class A Complex in Downtown Stamford 1010 Washington consists of a 122,000 Class-A tower building and 26,000 three-story attached Plaza. The property located in the heart of the Stamford Central Business District, is two blocks to Stamford’s Transportation Center and I-95. It is also 10 minutes from the Merritt Parkway and within walking distance to the Stamford Town Center Mall, Stamford’s restaurant district and Mill River Park.

Market Context

This office in Chicago, IL is listed for sale. It has been on the market for 197 days. Compare it against other office listings for sale 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 assets trade 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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