Chicago’s suburban office market suffered its fair share of hits over the past few years but seems to be on an upward trend. After struggling early in the year, the market ends 2017 with a positive net absorption of over 1.4 million sf, in which 1.65 million sf was added during the fourth quarter alone. Direct vacancy and availability rates compressed from mid-year’s 19.7% and 22.6% to the year end’s postings of 18% and 21.5%, respectively.
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Chicago’s suburban office market is undergoing a period of intense transformation. But are the headlines about its unending struggles justified? Our latest report challenges the prevailing narrative, revealing a market
CHICAGO — Bradford Allen, a national full-service real estate firm, today released its Q1/24 Downtown Chicago Office Market Report showing that CBD average gross asking rents held steady at $43
Bradford Allen is pleased to share with you our latest office market report. This quarter in Chicago’s downtown office market: Absorption remained negative with -1.4 million square feet absorbed through
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