Year-to-date net absorption dropped to negative 1.9 million square feet causing vacancy to climb to 19.2 percent. These weakening statistics were aided by the Zurich headquarters moving to its new headquarters as well as companies like Jim Beam and ConAgra moving from the suburbs downtown.
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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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