Office Space for Rent Near West Side - Chicago, IL

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Office space for rent Near West Side, Chicago: Overview & History

Near West Side is located just west of The Loop, bounded by the Chicago River to the east, Ashland Avenue to the west, Eisenhower Expressway to the south, and Kinzie Street to the north. Near West Side is now a hub for innovation, education and commerce, but back in the late 19th and early 20th centuries, the area was a manufacturing hub, and wholesale markets were commonplace. Historic landmarks like the Hull House (800 S. Halsted St.), Jane Addams' pioneering social settlement, and the Maxwell Street Market area show the neighborhood's role in Chicago's growth. Today, you will find landmarks such as the United Center at 1901 W. Madison St., home to the Chicago Bulls and Blackhawks, and repurposed industrial buildings offering modern office space for rent and high-end residences.

Large companies with office space in Near West Side, Chicago

Near West Side has become a thriving commercial district for businesses looking for office space to rent in Chicago with lower lease rates than downtown. It may not have the corporate giants found in The Loop or Near North, but Near West Side's appeal lies in its collaborative and innovative atmosphere. The Illinois Medical District, one of the largest urban healthcare innovation districts in the country, is home to major health institutions like Rush University Medical Center, University of Illinois Hospital and Stroger Hospital. Near West Side's close proximity to the University of Illinois at Chicago (UIC) has made office space here perfect for research and development companies, especially those in the healthcare, technology and engineering industries.

Cost of renting office space in Near West Side, Chicago

Office space for rent in the Near West Side is typically excellent value when compared to The Loop and River North, with rates approximately 30-40% lower than downtown. This cost advantage makes the Near West Side an attractive option for businesses seeking affordable office space to rent in Chicago while retaining good accessibility. Near West Side's mix of converted industrial spaces and modern developments provides a range of office space options for businesses of all sizes and budgets.

Office space in Near West Side, Chicago: Transport & Infrastructure

Near West Side offers excellent transportation access for businesses renting office space, with multiple CTA "L" stations, including Morgan (Green/Pink Lines), Medical District (Blue Line), and UIC-Halsted (Blue Line), providing quick access to The Loop and O'Hare Airport. Metra's Ogilvie Transportation Center is on the neighborhood's eastern edge for commuter rail to the suburbs. For those driving to their office space, Near West Side is close to major highways I-90/I-94 (Kennedy Expressway) and I-290 (Eisenhower Expressway). The Divvy bike-share and protected bike lanes on Madison and Randolph streets are additional commuting options.
Near West Side grows ever popular amongst businesses looking at office space for rent in Chicago. Amenities, including the restaurant district along Randolph Street in Greektown, the growing Fulton Market culinary scene, and proximity to the University of Illinois Chicago campus, are attractive to office space tenants. Recent developments have added new office space to the market, while expansion in The Illinois Medical District continues to create opportunities, particularly for healthcare and research organizations.