Office Space for Rent South Loop - Chicago, IL

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Office space for rent South Loop, Chicago: Overview & History

Those looking for office space for rent in South Loop will not be disappointed. What was once home to Chicago's printing and publishing industry and a center for manufacturing has now become an attractive destination for businesses due to its transformation - you can find modern development alongside historic charm, plenty of cultural attractions, green spaces, and a growing number of dining and retail options. Located just south of The Loop, extending south of Congress Parkway to Cermak Road,the neighborhood is home to historic landmarks like the Prairie Avenue Historic District and the Dearborn Station (47 W. Polk St.), one of Chicago's oldest train stations, and the Manhattan Building (431 S. Dearborn St.), Chicago's first 16-story skyscraper, both of which have been converted into modern office space for rent.

Large companies with office space in South Loop, Chicago

South Loop has become home to corporate offices, education institutions, and tech startups. Columbia College Chicago and Roosevelt University occupy several buildings, contributing to a vibrant, creative and professional environment. Various creative agencies and tech startups are drawn to many of the area's converted loft spaces, which offer more economical office space for rent while staying close to downtown Chicago's amenities.
South Loop's close proximity to McCormick Place Convention Center (2301 S. Lake Shore Dr.), the largest convention center in North America, makes it particularly attractive for businesses in the events, hospitality and tourism industries looking to find office spaces for rent.

Cost of renting office space in South Loop, Chicago

Renting office space in South Loop is typically a more affordable alternative than in neighbourhoods such as The Loop, West Loop Gate, and River North while still providing easy access to Downtown Chicago's amenities. This makes it an attractive option for small to mid-sized businesses renting Chicago office space without the premium price tag.
South Loop provides competitive alternatives with modern amenities, lower operational costs, and a growing business ecosystem. Office space can be found in newer developments, creative loft space and historic buildings, providing options for various business needs and budgets.

Office space in South Loop, Chicago: Transport & Infrastructure

South Loop offers excellent transportation access for businesses looking to rent office space, as it is served by multiple CTA "L" lines, including the Red, Green, and Orange lines at Roosevelt Station, providing quick connections to The Loop, O'Hare Airport, and Midway Airport. Metra's Electric District and Rock Island District lines also run through the South Loop, offering convenient rail options for commuters travelling from the suburbs.
For drivers renting office space, the South Loop offers easier highway access than The Loop via I-290 (Eisenhower Expressway), I-55 (Stevenson Expressway), and Lake Shore Drive, with generally more affordable parking options. South Loop is also well-equipped for cyclists, featuring Divvy bike-share stations and dedicated bike lanes along major streets like Wabash Avenue and Michigan Avenue. South Loop has a walkability score of 92, meaning that most amenities, including restaurants, cafes, and retail stores, are within walking distance of most office spaces.