Top 7 Best Commercial Real Estate Agencies in Chicago

Chicago, a bustling metropolis known for its iconic skyline and vibrant business environment, is a prime location for commercial real estate opportunities. Whether you’re looking to lease office space in the Loop, invest in retail properties on Michigan Avenue, or develop industrial sites in the suburbs, finding the right commercial real estate agency is crucial. In this guide, we delve into the top 7 best commercial real estate agencies in Chicago, helping you navigate the competitive market with ease.

When choosing a commercial real estate agency, consider the following services and aspects:

Property Leasing – Assistance with finding and negotiating leases for office, retail, and industrial spaces.
Investment Sales – Guidance on buying or selling commercial properties for investment purposes.
Property Management – Management services to maintain and enhance the value of commercial properties.
Market Research – In-depth analysis of market trends to inform investment decisions.
Tenant Representation – Advocacy and negotiation on behalf of tenants to secure favorable lease terms.
Valuation Services – Accurate property valuations to determine fair market value.
Development Services – Assistance with planning, design, and construction of new commercial developments.
Consulting Services – Strategic advice to optimize real estate portfolios and align with business goals.

Each agency brings its own expertise and connections to the table, making it essential to consider these factors when making your choice. Explore our guide to find the agency that best suits your needs and take your commercial real estate ventures to new heights in the Windy City.

1. Prg Management
2. First Western Properties
3. Jameson Sotheby's International Realty

4. Optimus Realty
5. Harbor Property Management
6. Brookfield Properties Retail Group
7. Kiser Group

Number of companies

372

Verified reviews

3,61

Average rating

(312)6008896

1. Prg Management

★ ★ ★ ★ ★ 4,6/5

1000 N Milwaukee Ave #201, 60642.0, Chicago

Property management company
Commercial real estate agency
Homeowners' association
Property investment company
Property maintenance

Why we chose them

PRG Management stands out as a leader in the property management industry, particularly in the Chicago area. With a robust portfolio managing approximately $1 billion in assets and over 2,200 units, the company excels in both commercial and residential real estate services. A team of more than 150 full-time licensed professionals, including property managers, real estate brokers, and leasing agents, works tirelessly to provide top-notch service. Their offerings extend beyond traditional property management to include commercial real estate agency services, homeowners’ association management, property investment, and property maintenance. This comprehensive range of services, combined with a commitment to technology and data-driven insights, helps clients maximize profitability and streamline operations.

The company’s dedication to service is further exemplified by their 30-day cancellation guarantee, which underscores their commitment to client satisfaction. Utilizing cutting-edge technology, such as the Buildium Resident Center app, they ensure residents have seamless access to manage their living experiences online. Additionally, their investment and owner mobile apps keep property owners informed with real-time financials and tenant requests. With a focus on reducing property owners’ headaches and increasing asset profitability, the company delivers efficient and reliable management solutions tailored to diverse needs. Proudly rooted in Chicago, they continue to serve the surrounding suburbs with excellence and expertise.

(773)5452000

2. First Western Properties

★ ★ ★ ★ ★ 2,3/5

1205 W Adams St, 60607.0, Chicago

Commercial real estate agency

Why we chose them

First Western Properties, Inc. is a leading commercial real estate agency, renowned for its commitment to delivering exceptional service and results. With over 23 years of experience, the company excels in various domains, including development, redevelopment, and valuation advisory. Their comprehensive services cater to a wide range of real estate needs, such as landlord representation, investment sales, and asset management. The firm’s expertise extends across seven countries and four continents, with over 1,000 multifamily units owned and over 2 million square feet under management. This extensive global reach and market intelligence enable them to provide seamless transaction processes and optimize asset values for their clients.

Known for its innovative strategies and solutions, the company plays a pivotal role in tenant representation and investor services, maximizing investment returns and uncovering new opportunities. Their dedication to excellence is evident in their impressive track record, with over $250 million in transactions. Additionally, the company’s recent projects, such as luxury villas in Greece and multifamily properties in the U.S., highlight their diverse portfolio and award-winning designs. By prioritizing their vision, mission, and values, the company continually unlocks the potential of properties worldwide, making it a valuable addition to our directory.

(312)7510300

3. Jameson Sotheby's International Realty

★ ★ ★ ★ ★ 3,6/5

425 W North Ave, 60610.0, Chicago

Real estate agency
Commercial real estate agency
Real estate agent
Real estate consultant

Why we chose them

Jameson Sotheby’s International Realty stands out as a premier choice for individuals and businesses seeking expertise in the real estate market. With a strong emphasis on personalized service, they excel as a real estate agency providing tailored solutions for both residential and commercial properties. Their team of skilled real estate agents is committed to guiding clients through every step of the buying or selling process, ensuring a seamless and satisfying experience.

In addition to traditional real estate services, they offer specialized assistance as a commercial real estate agency and real estate consultant. Their extensive market knowledge and strategic insights make them a trusted partner for those navigating complex real estate decisions. Their dedication to excellence and client satisfaction is what sets them apart, making their inclusion in our directory a testament to their outstanding reputation in the industry.

(773)5613585

4. Optimus Realty

★ ★ ★ ★ ★ 3,2/5

4441 N Milwaukee Ave, 60630.0, Chicago

Commercial real estate agency
Real estate agency

Why we chose them

Optimus Realty is a dynamic player in the commercial real estate sector, offering a comprehensive range of services that cater to diverse client needs. Known for their expertise and client-centric approach, they have established a robust presence in the industry. Their website serves as a portal for potential tenants, providing seamless access to rental opportunities and detailed insights into available properties. This focus on transparency and user experience makes them a preferred choice for those seeking reliable real estate solutions.

With a strong emphasis on customer satisfaction, the company provides a 24/7 tenant maintenance line, ensuring that client concerns are addressed promptly and efficiently. This dedication to service excellence is a testament to their commitment to fostering long-term relationships with tenants and landlords alike. By integrating technology with personalized service, they stand out as a leading real estate agency, making them a valuable addition to our company directory.

(312)2160042

5. Harbor Property Management

★ ★ ★ ★ ★ 4,8/5

3424 W Foster Ave, 60625.0, Chicago

Commercial real estate agency

Why we chose them

Harbor Property Management is a standout in the realm of Chicago real estate, known for its collection of small to mid-sized apartment buildings situated in the city’s most desirable neighborhoods. Their commitment to providing residents with reasonable rents and responsive service is evident in their hands-on management approach. As both owner and operator of their properties, they eliminate the hassles often associated with third-party management, ensuring quick and effective communication. Residents benefit from a 24-hour online portal for rent payments and maintenance requests, reinforcing Harbor’s dedication to making each apartment truly feel like home.

The company excels in blending classic charm with modern living. Each apartment is thoughtfully designed to balance the elegant historic architecture of Chicago with contemporary amenities, providing attractive and comfortable living spaces. Their properties, located across the city’s vibrant neighborhoods, offer residents easy access to charming streets, parks, and the best of Chicago’s culture, dining, and shopping. By focusing on long-term ownership and maintaining high-quality standards, Harbor Property Management ensures a pleasant and hassle-free living experience for their satisfied customers.

(312)9605000

6. Brookfield Properties Retail Group

★ ★ ★ ★ ★ 2,9/5

350 N Orleans St #300, 60654.0, Chicago

Commercial real estate agency
Office space rental agency
Property management company

Why we chose them

Brookfield Properties Retail Group is a leading force in the U.S. retail real estate sector, managing an impressive portfolio of 163 mall locations across 42 states, totaling over 146 million square feet of retail space. Specializing in commercial real estate agency, office space rental agency, and property management, the company is dedicated to the management, leasing, and redevelopment of high-quality retail properties. Their focus on sustainability and innovation ensures that each property not only meets the needs of businesses but also enhances the communities they serve.

With a mission to redefine retail, the company integrates community-focused experiences into their spaces, creating vibrant environments where businesses and communities thrive. As part of the larger Brookfield ecosystem, they leverage a global network to make informed decisions and drive real change, including a commitment to achieving Net Zero for their entire portfolio. Their dedication to efficiency, safety, and sustainability positions them as a key player in both local and global markets, providing exceptional real estate experiences across various sectors including office, retail, multifamily, logistics, and hospitality.

(773)2935000

7. Kiser Group

★ ★ ★ ★ ★ 3,9/5

651 W Washington Blvd Suite 400, 60661.0, Chicago

Commercial real estate agency
Real estate consultant

Why we chose them

Kiser Group stands out in the commercial real estate sector with its specialization in multifamily investment sales, lender services, condo deconversions, 1031 exchanges, and receiver services. Known for its impressive track record of over $6 billion in multifamily sales, the company has successfully sold more than 2,100 buildings and 64,000 units. Their expertise lies in guiding clients through the complexities of the mid-market, ensuring optimal positions in an ever-evolving landscape. With a focus on fostering long-term relationships, Kiser Group embodies the principles of savvy, tenacity, and integrity in every transaction.

The firm’s commitment to client success is evident through its comprehensive service offerings and a dedicated team of professionals. Notable figures include Estella Kiser, the Principal and General Counsel, and Lee Kiser, the Designated Managing Broker, along with a robust team of associates and advisors. Through their innovative strategies and deep market insights, they consistently exceed client expectations, even navigating challenges such as the pandemic to secure favorable deals. The company places clients at the forefront of its operations, reinforcing its reputation as a trusted leader in the real estate economy.

FAQs

What services do commercial real estate agencies in Chicago typically offer?

Commercial real estate agencies in Chicago offer a range of services including property leasing, investment sales, property management, market research, tenant representation, valuation services, development services, and consulting services.

How much do commercial real estate services cost in Chicago?

The cost of commercial real estate services in Chicago can vary widely. For example, leasing commissions might range from 2-5% of the total lease value, while property management fees can be around 3-10% of the monthly rent. Consulting services might be priced on an hourly basis, typically ranging from €150 to €300 per hour.

What factors should I consider when choosing a commercial real estate agency?

Consider the agency's expertise, market knowledge, range of services, reputation, connections, and client reviews. It's important to ensure that their services align with your specific real estate needs and business goals.

How long does it typically take to lease commercial property in Chicago?

The timeline for leasing commercial property in Chicago can vary. On average, it might take anywhere from 3 to 9 months, depending on the market conditions, property type, and negotiation complexities.

What is tenant representation in commercial real estate?

Tenant representation involves an agent working on behalf of the tenant to negotiate lease terms, find suitable properties, and ensure the tenant's interests are protected throughout the leasing process.

Why is market research important in commercial real estate?

Market research provides valuable insights into market trends, pricing, demand, and competition. This information helps investors and businesses make informed decisions, optimize investments, and align with market opportunities.

What are valuation services in commercial real estate?

Valuation services involve determining the fair market value of a property. This is crucial for buying, selling, financing, or insuring commercial real estate to ensure transactions are based on accurate and current property values.

What should I expect from property management services in Chicago?

Property management services typically include tenant relations, maintenance, rent collection, financial reporting, and ensuring compliance with local regulations. These services aim to maintain and enhance the value of commercial properties.