Updated September 28, 2026
Tenant Advisors tracks office market conditions in every city and submarket where Chicago-area tenants lease space. This index links our full tenant guide for each market — vacancy, Class A asking rents, key buildings, and what to negotiate — organized by the five submarkets we cover. Figures come from the transactions we track and negotiate; asking rents are full-service. O’Hare / Rosemont vacancy is Q3 2026; other figures are Q1 2026. Start with your city, or see the markets overview.
Chicago CBD
Submarket overview: Chicago CBD office tenant representation
- West Loop — ~18% vacancy, Class A ~$48/SF
- River North — ~20% vacancy, Class A ~$46/SF
- North Michigan Ave. — ~18% vacancy, Class A ~$45/SF
- Central Loop — ~22% vacancy, Class A ~$42/SF
- East Loop — ~26% vacancy, Class A ~$38/SF
- South Loop — ~28% vacancy, Class A ~$38/SF
- LaSalle Street — ~30% vacancy, Class A ~$36/SF
East-West Corridor
Submarket overview: East-West Corridor office tenant representation | Market intelligence: Oak Brook office market tenant intelligence report
- Oak Brook — 23.2% vacancy, Class A ~$32/SF
- Downers Grove — ~21% vacancy, Class A ~$30/SF
- Naperville — ~22% vacancy, Class A ~$27/SF
- Oakbrook Terrace — ~24% vacancy, Class A ~$30/SF
- Hinsdale — ~22% vacancy, Class A ~$28/SF
- Elmhurst — ~23% vacancy, Class A ~$26/SF
- Lombard — ~26% vacancy, Class A ~$24/SF
- Lisle — ~25% vacancy, Class A ~$26/SF
- Glen Ellyn — ~26% vacancy, Class A ~$22/SF
- Wheaton — ~27% vacancy, Class A ~$22/SF
- Warrenville — ~26% vacancy, Class A ~$22/SF
- Westmont — ~24% vacancy, Class A ~$24/SF
- Darien — ~27% vacancy, Class A ~$22/SF
- Burr Ridge — ~24% vacancy, Class A ~$26/SF
- Westchester — ~26% vacancy, Class A ~$24/SF
- Aurora — ~28% vacancy, Class A ~$22/SF
- St. Charles — ~30% vacancy, Class A ~$20/SF
- Bolingbrook — ~26% vacancy, Class A ~$22/SF
- Wood Dale — ~32% vacancy, Class A ~$24/SF
North Suburbs
Submarket overview: North Suburbs office tenant representation
- Evanston — ~22% vacancy, Class A ~$32/SF
- Northbrook — ~28% corridor vacancy, Class A ~$30/SF
- Deerfield — ~30% vacancy, Class A ~$30/SF
- Glenview — ~28% vacancy, Class A ~$28/SF
- Lake Forest — ~24% vacancy, Class A ~$28/SF
- Bannockburn — ~28% vacancy, Class A ~$30/SF
- Lincolnshire — ~28% vacancy, Class A ~$26/SF
- Northfield — ~26% vacancy, Class A ~$28/SF
- Highland Park — ~26% vacancy, Class A ~$26/SF
- Vernon Hills — ~28% vacancy, Class A ~$24/SF
- Libertyville — ~28% vacancy, Class A ~$24/SF
- Skokie — ~30% vacancy, Class A ~$26/SF
- Lincolnwood — ~28% vacancy, Class A ~$24/SF
- Buffalo Grove — ~34% vacancy, Class A ~$26/SF
- Wheeling — ~32% vacancy, Class A ~$22/SF
- Morton Grove — ~30% vacancy, Class A ~$22/SF
- Niles — ~30% vacancy, Class A ~$22/SF
- Mundelein — ~30% vacancy, Class A ~$20/SF
- Gurnee — ~32% vacancy, Class A ~$20/SF
- Waukegan — ~34% vacancy, Class A ~$18/SF
Northwest Suburbs
Submarket overview: Schaumburg & Northwest Suburbs office tenant representation | Market intelligence: Schaumburg office market tenant intelligence report
- Schaumburg — ~32% vacancy, Class A ~$22/SF
- Arlington Heights — ~32.5% corridor vacancy, Class A ~$26/SF
- Rolling Meadows — ~31% vacancy, Class A ~$25/SF
- Hoffman Estates — ~32.5% corridor vacancy, asking rents among Chicagoland’s lowest
- Palatine — ~33% corridor vacancy, Class A ~$24/SF
- Mount Prospect — ~33% vacancy, Class A ~$22/SF
- Itasca — ~30% vacancy, Class A ~$28/SF
- Addison — ~33% vacancy, Class A ~$22/SF
- Barrington — ~26% vacancy, Class A ~$24/SF
- Crystal Lake — ~30% vacancy, Class A ~$19/SF
- Elgin — ~32% vacancy, Class A ~$18/SF
O’Hare / Rosemont
Submarket overview: O’Hare / Rosemont office tenant representation | Market intelligence: O’Hare & Rosemont office market tenant intelligence report
Q3 2026 submarket vacancy: 20.1% and rising, with zero new construction.
- Rosemont — Class A ~$35/SF
- Chicago O’Hare — Class A ~$35/SF
- Des Plaines — Class A ~$26/SF
- Park Ridge — Class A ~$26/SF
- Elk Grove Village — asking rents the lowest in the O’Hare area
- Bensenville — Class A ~$20/SF
Planning a Lease Decision?
Wherever you land, the process matters more than the address. These guides cover the decisions Chicago-area tenants face most:
- Office lease renewal negotiation — why the first renewal proposal is rarely the market
- Renewal vs. relocation analysis — the decision in actual dollars
- Office relocation and site selection — running a competitive multi-building process
- Sublease disposition — shedding space you no longer need, plus our occupier’s sublease guide
- Office lease audit — finding what you’re overpaying today
- Chicago tenant representation firms — how the representation models compare
Tenant Advisors, Inc. has represented office tenants — and only tenants — throughout Chicago and the suburbs since 2004: 2,000+ leases negotiated, never a landlord. Representation costs you nothing; the landlord pays the fee either way. Start with an office lease audit or call (847) 778-0296.