With two million square feet under active construction and another proposed eight million square feet possibly materializing within Chicago’s Central Business District (CBD) over the next three years, it is no wonder the downtown office market is showing signs of overdevelopment strain, particularly in the West Loop.
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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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