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Bouncing along the bottom: Downtown office market remains stable as it grinds through sublease space The encouraging streak of recent quarters of positive net absorption did not continue during the first quarter, but we do not think this portends any real deterioration in the market. In fact, we continue to believe that the overall Chicago office market bottomed in early 2010, and any prolonged economic improvement will ultimately be reflected in the statistics over the medium term.
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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
