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Q4 2009 Downtown Chicago Office Market Report

December 4, 2009
at 4:56 pm

By Bradford Allen

CBD Downturn: Have We Hit Bottom?
Market turnaround expected to take place in 2011

New Construction Adds to Increase of Available Space
Overall availability in the Chicago Central Business District (CBD) rose to 17.8% at year-end 2009, a 6.4 percentage point increase compared to the same time last year, marking the highest percentage available in four and a half years. Availability in the River North submarket increased 6.8 percentage points in 2009. This was the largest jump in a CBD submarket with a large portion resulting from the completion of 300 North LaSalle Street and 353 North Clark Street during the year.

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Cre Pulse 009: Chicago’s Resilient Suburban Office Market

Neil Bouhan May 16, 2024

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

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The Bradford Allen Office Market Report for Chicago Downtown Quarter 1 in 2024

Q1 Chicago Office Report: Cbd Rents Hold Steady as Vacancy Rate Continues to Rise

Jeremy Barewin April 15, 2024

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

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Q1 2024 Downtown Chicago Office Market Report

Neil Bouhan April 11, 2024

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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