Suburban Markets Prove Resilient, Availability and Vacancy Rates Drop
The Suburban office market maintained the positive momentum it saw in 2014 through the end of 2015 despite the continued migration of large tenants to the CBD. 2015 saw 951,311 sf of positive net absorption which surpassed the 704,910 sf of positive net absorption in 2014. The vacancy rate decreased from 17.5% to 17.1% and the availability rate decreased from 23.2% to 23.1% year over year, respectively.
Read our privacy policy here.
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
Not Sure Where To Start ?