Serviced offices in Chicago

Chicago is the commercial capital of the Midwest and a core US financial centre, and its serviced office market is one of the deepest outside the coastal gateways. Banking, derivatives and commodities trading, insurance, law, accounting and management consulting make up much of downtown employment, with corporate headquarters and national practices sitting alongside the professional services layer that supports them. Firms that need a downtown address and a formal office setting without a capital programme drive steady demand for private, fitted suites on short commitments.

The Loop holds banking, law and trading occupiers in Grade A towers along Wacker Drive, LaSalle Street and Madison, within a short walk of Union Station, Ogilvie and the CTA. River North draws advertising, creative agencies, technology and media firms, Fulton Market has become the city’s technology and consumer brand district, and the West Loop around Union Station suits consulting, asset management and corporate headquarters. Streeterville and the Gold Coast serve boutique professional services close to the Magnificent Mile.

The market leans towards private offices and team suites rather than open coworking, and corporates diversifying beyond conventional leases have added managed office demand on top. Law, accounting, trading and insurance teams take serviced offices on rolling monthly or 12-month terms, as do companies opening a Midwest office, with rent, furniture, reception and building services bundled into a single fee. O’Hare’s near-universal domestic coverage and extensive international routes make the city a practical starting point for multi-city client work.