What Retail Space Rent & Type to Expect in Chicago, IL
In Chicago, the average cost per square foot of renting retail space comes up to $23.93, based on local retail spaces listed for lease on our website. This price can be influenced by several factors, such as location, retail space type, space size, and the structure or type of the lease.
The most popular lease type in Chicago is NNN, with 185 space(s) available for rent under such an agreement.
You can also find 73 option(s) available with Modified Gross lease agreements, and 32 Full Service listing(s).
Most Common Type of Lease for Retail Listings in Chicago, IL
- NNN185
- Modified Gross73
- Full Service32
Data based on retail spaces listed for rent on PropertyShark.com.
Learn More About Retail Space Listings in Chicago, IL
There is a total of 4,695,592 square feet of retail space in Chicago.
This includes retail spaces ranging from 200 to 155,513 square feet.
Most retail spaces in Chicago are sized 1,000 sqft to 2,500 sqft, with 352 retail listing(s) falling in this category.
Chicago is also home to 231 listing(s) in the more than 5,000 sqft size range.
Retail Size Bucket
No. of Listings
more than 5,000 sqft
231
2,500 sqft to 5,000 sqft
210
1,000 sqft to 2,500 sqft
352
less than 1,000 sqft
84
Most retail spaces in Chicago fall within the Street Retail category, of which you can find 95 space(s) listed locally.
On average, this type of commercial space offers 3,026.5 square feet.
A favorite of boutique shoppers worldwide, street retail properties offer businesses great access to urban and suburban customer bases. Generally being smaller in size, these retail spaces can be a great choice for some categories of retail businesses.
Chicago also hosts 27 Restaurant space(s), which have an average square footage of 3,408.64 square feet.
Restaurant retail space offers tenants all the amenities that such an establishment might need to prepare and serve food on the premises. That usually includes a seating area, separate kitchen and storage.
The third most popular type of retail space in the Chicago market is Freestanding, of which you’ll see 12 listing(s).
Freestanding spaces span 8,975.19 square feet on average.
Freestanding retail is a single-tenant retail space for entrepreneurs that want to stand out or have more room for personalization, showroom and storage. This type of retail can perfectly suit the needs of businesses like drive-through restaurants, being usually located next to a high-transit thoroughfare and featuring ample parking for customers.
Chicago, IL Retail for Lease Listings by Retail Use Type
- Street Retail95
- Restaurant27
- Freestanding12
Data based on retail spaces listed for rent on PropertyShark.com.
Chicago, IL Retail for Lease Listings by Retail Use Type
3,026.5 Sq. Ft.
Street Retail
3,408.64 Sq. Ft.
Restaurant
8,975.19 Sq. Ft.
Freestanding
Where You Are Most Likely to Find Retail Space in Chicago, IL
Some neighborhoods become famed shopping destinations thanks to their long retail history. Other times, an area’s potential for shoppers is boosted by the opening of a large shopping mall, attracting more retail development to take advantage of the influx of shoppers.
Chicago Loop is Chicago's most popular neighborhood for retail, currently home to 121 listing(s).
The most popular retail space type in Chicago Loop is Street Retail, of which you can currently find 4 listing(s).
Another popular area for retail space in Chicago is Lakeview, which currently offers 50 retail listing(s).
In the Lakeview neighborhood, the most common subtype of retail is Street Retail. You can find 5 Street Retail listing(s) here.
Ford City can also be counted among the best areas of Chicago for retail leasing opportunities. This Ford City submarket currently offers 43 retail listing(s).
Chicago Loop
121
Lakeview
50
Ford City
43
Streeterville
40
Near North Side Chicago
39