Chicago Downtown Office Market Dynamics - Q3 2026

This report is produced quarterly by JLL Research and covers office real estate market conditions in downtown Chicago during the third quarter of 2026 (July 1 to September 30, 2026). It tracks net absorption, leasing activity, vacancy, direct asking rents, sublease availability, concessions and development.

Download the full report for additional detail on submarket-level activity and a complete historical data series. For a broader picture of the market, visit our Chicago suburbs office market dynamics report, and explore JLL's U.S. office market dynamics report for the national context behind Chicago's numbers.

For additional context on findings in the latest report, download the prior Q2 2026 Chicago Downtown office market dynamics report.

^{Report originally released July 10, 2026 and authored by Edgar Leon, director, research, JLL Research.}