This quarter in the downtown market absorption reached 806,000 square feet aided by moves from WeWork and Motorola. Thanks to this positive absorption vacancy dropped to 11.5 percent, this is the sixth consecutive quarter of positive growth. Rental rates remained steady, declining a nominal $.09 to $36.14.
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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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