Bradford Allen is pleased to share with you our latest office market report. Activity in Chicago’s downtown office market was steady, as firms expanded and well-capitalized owners continued robust leasing programs. This quarter in Chicago’s downtown office market: Q2 2025 net absorption was negative 1.5 million square feet, among the weakest since Q1 2024. Direct … Read more
Bradford Allen is pleased to share with you our latest office market report. Activity in Chicago’s downtown office market was steady, as firms expanded and well-capitalized owners continued robust leasing programs. This quarter in the downtown office market: Q1/25 direct net absorption was negative 173,000 square feet, significantly improved relative to negative 1.8 million square … Read more
Bradford Allen is pleased to share with you our latest office market report. The second half of the year in the suburban office market: Vacancy was effectively unchanged in the second half of the year at 24.6%. Year-end direct net absorption was negative 1.4 million square feet, significantly worse than 2023’s negative 173,000 square feet. … Read more
Bradford Allen is pleased to share with you our latest office market report. This quarter in the downtown office market: 2024 net absorption was negative 3.6 million square feet, nearly double the negative 1.9 million square feet recorded in 2023. Direct vacancy continued to climb, reaching a record high of 23.2%. The average gross asking … Read more
Bradford Allen is pleased to share with you our latest office market report. It was a familiar story in Q3 for Chicago’s downtown office market as headline statistics didn’t improve, nor degrade, materially over the prior quarter. Absorption was negative 600,000 square feet, bringing the year-to-date absorption to negative 2.6 million square feet. The direct … Read more
Bradford Allen is pleased to share with you our latest office market report. The second half of the year in the suburban office market: Absorption levels declined as -800,000 square feet was absorbed through the first half of 2024. The direct vacancy rate held steady at 24%. Available sublease space on the market decreased to … Read more
Bradford Allen is pleased to share with you our latest office market report. This quarter in the downtown office market: Absorption improved but remained negative with -67,000 square feet absorbed through Q2/24, resulting in a total of -1.9 million square feet through the first half of 2024. The direct vacancy rate reached 22% in Chicago’s … Read more
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 filled with opportunities. Dive deeper to uncover insights that redefine the competitive landscape—insights the headlines have overlooked. Read the full article now
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 Q1/24. The direct vacancy rate surpassed 21% in the CBD. Demand is increasing for move-in ready office suites which accounted for more than 38% of … Read more
Bradford Allen makes your business its priority. No matter whether that’s when purchasing, leasing, or sub-leasing, our agents are experts in negotiating for your benefit.
Office
Lofts
Finance
Health
Bradford Allen makes your business its priority. No matter whether that’s when purchasing, leasing, or sub-leasing, our agents are experts in negotiating for your benefit.
Learn more about Bradford Allen, our culture, our network, and how to connect with our team.