Bradford Allen is pleased to share with you our Mid-Year 2021 Suburban Chicago Office Market Report.
This quarter in the suburban office market:
- From Q4/20 to Q2/21, the overall sublet availability rate increased from 2.99% to 3.30%.
- From Q4/20 to Q2/21, overall direct vacancy and availability rose from 21.95% to 23.84% and from 26.18% to 27.91%, respectively.
- Overall, the direct asking rate dropped from $25.03 p.s.f. to $24.91 p.s.f., year over year.
