2240-2242 West Walnut Street — Lease in Chicago, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Business
  • Location: Chicago, IL 60612
  • Submarket: Chicago South

Market Context

This warehouse distribution in Chicago, IL is listed for lease. Compare it against other warehouse distribution listings for lease in Chicago, IL — view the full market.

As of Q2 2026, the Chicago warehouse distribution market showed a 5.3% vacancy rate, and rents up 7.4% year over year. Source: multiple brokerage reports, Q2 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Warehouse distribution market FAQ

Is the Chicago warehouse distribution market tightening or softening?
Vacancy is around 5.3%, with asking rents rising year over year (Q2 2026).

Estimated Market Rate

$0.48/SF/mo – $0.66/SF/mo

Mid: $0.57/SF/mo

By our match to nearby addresses in brokers' reports, this property is in the Chicago South submarket, where average warehouse/distribution asking rent was $8.07/SF/yr in Cushman & Wakefield's Q1 2026 report.

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