Office rental in Chicago
Chicago was named the second-best city in the world in 2022, second to Edinburgh, and outranks the rest as the best city in the US, according to TimeOut. It’s not just the food, entertainment and outdoor lifestyle that makes it an attractive place to live and work. It’s also got one of the largest economies in the country. As a thriving metropolis with a vast talent pool, it’s no wonder office space in the ‘Windy City’ is highly sought after by everyone, including freelancers, small businesses and large corporations.
Illinois ranks among the top five states with the largest GDP, contributing more than 800 million dollars to the US annually. Home to several Fortune 500 company headquarters, including Walgreens and Boeing, the city is also known as one of the hottest locations for startups and entrepreneurs.
As more businesses gradually return to the office, demand for flexible offices is growing. Supply in Chicago has had to grow rapidly to keep up. Today there are hundreds of choices, including coworking space, serviced and managed offices, and virtual addresses in prime locations. As an international hub for finance and ecommerce, this well-connected city is an ideal place to start a business or locate company headquarters, with easy access to the rest of the US and Canada.
As one of the largest flexible office markets in the US, offices can be found in all the most sought-after locations in the city, where both niche and large providers offer competitive rates, flexible leases and all the services and amenities needed to run a business.
Why rent flexible offices space in Chicago?
Chicago is often more popular than coastal cities for its lower cost of living, excellent infrastructure and transport system, and energetic culture and lifestyle. As a modern business and tech hub, companies are drawn to the city for its strong venture ecosystem and culture of innovation – a trend supported by the city’s growth in flex spaces.
This international city receives up to 50 million visitors annually and is a popular business travel destination. Tech giants like LinkedIn and Google have offices in the city, making it a large tech employer. Talent abounds, which is a bonus for local businesses setting up in the area.
As companies across the city adapt to new ways of working, flexible office space is a major driving force, helping firms deliver hybrid and office solutions to keep teams inspired and energized, regardless of where and how they choose to work. As a commuter city, plenty of office spaces are available near commuter hotspots and key business hubs around Chicago.
Across America, office space is filling up to pre-pandemic levels. In Chicago, the demand and growth of the market gives you more choice than ever.
Here’s what you need to know about renting flexible office space in Chicago
Types of flexible offices
Flexible offices include a variety of agile office solutions, from serviced and managed offices to coworking spaces. You can find different flexible space operators all over Chicago that offer different types of spaces, and our knowledgeable team can help you pick the ideal option for your business.
How to rent an office space in chicago?
With so many options to choose from, the easiest way to rent an office space in Chicago is to speak to a knowledgeable local consultant who can help you find a space in the right location that can support your team and your business goals.
Most expensive locations to rent an office space in Chicago
As demand has grown, prices have increased across the country. Despite this, renting flexible office space in Chicago is still more affordable than entering into a conventional lease. The flexibility and inclusive costs of shared space also means small companies can set up a base in their most sought-after locations without a massive capital outlay.
How much is it to rent flex office space in Chicago?
On average, you can rent an office space in Chicago for $532 per person per month. In Chicago Central and Loop, a flexible office costs $425.
What services are included?
Flexible office space has everything you need to run a business, which means it comes fully furnished, with fast internet, shared and private spaces, stocked kitchens and operator teams to help with additional services and amenities.
Depending on the type of office space you choose and its location, additional perks could include onsite showers and exercise equipment, outdoor space, restaurants and cafes, networking and events space, private booths and conference facilities.
What to look for in a flex office
Look for a space that can cater to your team’s unique needs, whether you need quiet spaces to work, offices with advanced tech and tools to help you collaborate, or areas to accommodate team members closer to home. When searching for your ideal space, location is critical. Choosing whether you want to be closer to commuter locations or near competitors will help you narrow down your options, but it is always good to chat with a knowledgeable expert who can help you navigate the local market and find an office that suits your goals and budget.
A good flex space will also offer opportunities to collaborate, network and share space with like-minded people. As a fully kitted-out space, your flexible office is there to help make running a business much more manageable, so you can focus on everything else that matters.
Who uses flexible offices in Chicago?
While once thought of as only for freelancers and independent workers, flex, coworking spaces and serviced offices have evolved significantly. Today, businesses of all sizes utilize this kind of space to reduce costs, embrace flexibility, support remote, hybrid and in-office teams, and get the support needed to run day-to-day aspects of the company.
Find a flexible office now
Wondering how to lease office space in Chicago? Our knowledgeable team can guide you through the process from start to finish. Discover some of the best spaces in Chicago, or enquire today to find an office in your ideal location.