Chicago Office Space Listings
The birthplace of the skyscraper, Chicago architects of the 20th and 21st centuries paved the way for skylines worldwide. And, even though nearly one-third of the city’s wealth was destroyed in the Great Chicago Fire of 1871, the city was quickly rebuilt to become the fifth-largest in the world by the beginning of the 1900s.
Today, the bold history of yesterday comingles with the innovations of tomorrow: Chicago office space includes vintage buildings retrofitted with top amenities, alongside 3,921,538 square feet of new office completions in 2020 and another 5,373,148 square feet under construction in 2021. The average asking rent in 2020 was $37.30 per square foot, and the vacancy rate stood at 11% in 2020. The total office sales volume was $1,489,809,000 in 2020.
What’s more, Chicago is also known for its diverse economy, with a truly distinct combination of companies laying down roots in the city. Top employers include JPMorgan Chase, the world-renowned University of Chicago, AT&T, Walgreens, Northwestern University and American Airlines.
Residents 25 years or older with at least a bachelor’s degree represent 39% of the labor force in Chicago, providing employers with a generous local talent pool. Its colleges and universities – which include prominent instructions such as the University of Chicago, Northwestern University, the Illinois Institute of Technology and Loyola University – are listed among the highest ranking in U.S.
Other institutions of higher learning include DePaul University, Columbia College Chicago, North Park University, and Robert Morris University Illinois.
Local office workers can get around the city via several modes of public transportation, including the “L” train; more than 150 bus routes; and a local commuter train, the Metra. Meanwhile, visiting businesspeople can easily access the city via Chicago O’Hare International Airport — one of the busiest airports in the world — or Midway, an airport with more than 200 daily flights of its own.
Chicago Coworking Space Listings
The 2.5 million small businesses registered in the state of Illinois constitute roughly 99.6% of all businesses within the state, with the Chicago metropolitan area being home to roughly 540,000 firms. Furthermore, Chicago is also one of the biggest markets for freelancers and self-employed professionals. The city is very startup-friendly, fostering the creation of new businesses. In fact, approximately 33% of firms in the wider metropolitan area have been active for less than five years. All these enterprises boost the demand for coworking and shared offices in Chicago.
Coworking is a collaborative and flexible work style that involves a shared workplace or shared office space. The difference between coworking and traditional offices is that people who work in a coworking space don’t usually work for the same company or organization.
Over the years, the evolution of Chicago’s coworking market has been driven by the changing tastes and workspace requirements of a range of entrepreneurs and companies that conduct their business in the city. Use our database to research some of the most popular coworking spaces in Chicago and find your ideal match.
The Loop boasts the highest concentration of coworking and shared spaces in Chicago, with some 42 active listings in our database. Also popular with freelancers and various startups and companies are the Fulton Market – with 11 active listings – West Loop – with 9 active listings – and Near North Side Chicago – 8 active listings.
Browse through our listings for coworking & shared spaces in Chicago, IL and find the best fit for your business needs. You can apply a series of filters to our list of 115 shared workspaces, to find your best match. Select a price range, preferred neighborhood, and amenities of your choice – from printing and scanning services, complimentary Wi-Fi, snacks and beverages to pet-friendly policies. Whether you’re looking to rent office space for a day, trying to find an hourly office rental, or searching for a longer-term option, we’ve got you covered.