West Loop:
The West Loop’s borders are defined as the Chicago River (North), I-94/I-90 (West), Wells
Street (East), and Van Buren Street (South). The West Loop is the largest submarket and
contains approximately 40 percent of the Class A space downtown. Most of the new
development has occurred in the West Loop. Union Station and Ogilvie Transportation
Center have made the West Loop a gateway to Chicago for tourists, suburban commuters
and other visitors. The West Loop is home to large multi-national corporations, financial
services companies, law firms, and corporate tenants. |
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Central Loop:
The Central Loop’s boundaries are the Chicago River (North), Wells Street (West), State
Street (East), and Van Buren Street (South). The Central Loop has a mix of Class A and
Class B buildings. Many of the City offices and Court houses are located in the Central
Loop. Tenants in this submarket include law firms and financial services firms. |
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East Loop:
The East Loop is bordered by the Chicago River (North), State Street (West), Lake Shore
Drive (East), and Van Buren Street (South). Many of the Class C buildings in the East Loop
have been converted from office use to an alternative use which has helped vacancy rates
over the long term. Millennium Park has played a key role in the revitalization of the East
Loop. The East Loop is a popular location for advertising and media firms as well as
corporate tenants. |
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North Michigan Avenue:
The North Michigan Avenue submarket is home to retailers, hotels, restaurants,
entertainment venues, advertising and marketing agencies, and the large Northwestern
Memorial Hospital campus. Its borders include Division Street (North), State Street
(West), Lake Michigan (East), and the Chicago River (South) |
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River North:
The borders of the River North submarket are defined as Division Street (North), Racine
Avenue (West), State Street (East), and Fulton Street and the Chicago River (South). Old
lofts from the 1890’s to 1930’s have been converted and modernized into quality Loft
Office buildings. The area has the highest concentration of restaurants in the City along
with galleries and retail stores. Due it’s casual and trendy environment, the
River North is an attractive are for architects, advertising agencies, and technology
companies. |
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North Suburbs:
The North submarket is located within portions of Cook and Lake Counties, with major
cities including Bannockburn, Deerfield,Evanston, Glenview, Highland Park, Lake Forest,
Northbrook, and Vernon Hills. |
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Western Suburbs:
The East-West submarket encompasses Cook, DuPage, Kane, Kendall, and Will Counties,
with major cities including Downers Grove,Lisle, Naperville, and Oak Brook |
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