Vedder Price is digging in on the Chicago River for the long haul, extending its global headquarters lease at 222 N. LaSalle St. through 2041. The commitment keeps the law firm anchored in the heart of the Loop and signals continued faith in a tower that has been getting a steady stream of upgrades. For the building’s owners, hanging on to a big-name legal tenant is exactly the kind of stability high-end office landlords are scrambling to secure in a choppy market.
Lease Extension Reported By CoStar
According to CoStar, Vedder has extended its global headquarters lease at 222 N. LaSalle through 2041, with the deal surfacing in a report published Tuesday. The outlet noted that the renewal reflects both a shortage of attractive, large-scale relocation options for heavyweight tenants and a lingering preference among many firms for established Loop addresses that already come loaded with amenities.
Why 222 North LaSalle?
Vedder lists its Chicago office at 222 North LaSalle Street as its administrative headquarters, according to Vedder Price, which keeps the firm’s nerve center in the traditional core of downtown. The building’s manager, Tishman Speyer, has been pitching recent renovations and hospitality-style amenities that are meant to appeal to professional services tenants. Those upgrades, paired with a relatively steady roster of occupants, help explain why the property is still landing commitments even as the broader office market softens.
How This Fits The Market
Despite a sluggish overall picture, prime Loop towers continue to show pockets of strength. CBRE’s Q1 2026 figures put downtown direct vacancy at roughly 27.0 percent, while leasing activity has picked up for top-tier properties, according to CBRE. That split, with high aggregate vacancy but solid demand for quality space, helps explain why a long-term anchor like Vedder is such a big deal for owners and their lenders.
Neighbors And What To Watch
222 N. LaSalle has not been quiet on the leasing front this year. Earlier in 2026, Croke Fairchild signed roughly 40,000 square feet at the building, a move that bets big on the Loop with new 40,000 square foot office and reinforces the idea that well-positioned Loop properties can still attract sizable law firm tenants. Next up is watching what Vedder does with its space over the coming years, whether that means expanding, subleasing unused square footage, or simply keeping things steady. Any of those paths will serve as a telling signal for landlords hunting for long-term stability in the Loop.
