This quarter in the suburban market major leases signed by Paylocity, US Cellular and Combined Insurance helped leasing activity for the suburbs reach over 2.5 million square feet. Absorption dropped following Kraft Heinz’s move out of 650,000 square feet in the North Central region. Oak Brook based McDonald’s announced that they too would be moving operations downtown, relocating to the former Harpo Studios in Fulton Market.
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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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