Chicago has always been a vibrant city with a strong pulse. The town puts those traits on full display throughout its trendy West Loop district where many firms leverage the area’s personality and location to their advantage. West Loop is using its industrial roots as building blocks for a bright future that epitomizes the forward-looking and magnetic appeal felt across Chicago.
TenantBase wants to lend our local insights and expertise into West Loop commercial real estate to businesses searching for office space in this dynamic neighborhood. The following information on West End office space and work environment will help you form an effective strategy that attracts talent and builds a solid foundation for growth and success.
Office Space in West Loop
Several financial firms and law offices call Chicago's West Loop home due to its enviable location and variety of commercial space. West End properties feature office space that ranges from smaller facilities to expansive 500,000 SF spaces. Rents average $40 SF for older properties and $75 SF gross for higher-end newer construction. Price points have risen dramatically in the last few years as vacancy rates have dwindled down to single digits. Parking in this professional area is in-building and runs expensive relative to other areas in Chicago.
Working in West Loop
One of the many benefits of working in Chicago’s West Loop is its accessibility. Traffic in the area is relatively normal by Chicago standards but the West Loop neighborhood has ample public transportation options to ease the daily commute. Ogilvie Transportation Center is centrally located in West Loop and provides easy Metra access for commuting to and from the region’s many suburban neighborhoods. The Clinton and Morgan Stations also make commuting by the “L” train a convenient option for the West Loop workforce.
The many amenities found throughout the West Loop area are another powerful draw to Chicagoland talent. Dining options range from a handful of corporate restaurants for the lunchtime crowd to Chicago’s famous Restaurant Row and its incredible dining choices on nearby Randolph Street. West Loop employees also have numerous shopping choices throughout the area as the West Loop neighborhood is renowned for its array of boutique retail shops.
The Riverwalk extension completed a few years ago now connects Ogilvie Station and the entire West Loop neighborhood to the lake and many entertainment, dining, and cultural options. Between a convenient location, amenities, and colorful personality, office space around West Loop can provide businesses the influx of talent and enviable address needed for lasting success. Let TenantBase utilize our familiarity and insights into West Loop commercial real estate to help you find office space that suits your needs and goals well.