Q4/22 Downtown Chicago Market Report
Bradford Allen is pleased to share with you our latest office market report. This quarter in the downtown office market: View ReportDownload PDF
Market Reports
Q3/22 Downtown Chicago Market Report
Bradford Allen is pleased to share with you our latest office market report. This quarter in the downtown office market: Absorption levels turned positive for the first time this year at 221,780 s.f. for Q3 Direct vacancy remained relatively unchanged at 18.3% The gross asking rate for the market is $43.94 p.s.f. Sublet availability remained … Read more
Mid-Year 2022 Chicago Suburbs Office Market Report
Bradford Allen is pleased to share with you our latest office market report. This half in the suburban office market: Absorption levels improved but remained negative at -350,000 s.f. for Q2 Direct vacancy increased to 28.6% The gross asking rate for the market is $25.42 p.s.f. Sublet availability remained steady at 4.3% View ReportDownload PDF
Q2/22 Downtown Chicago Office Market Report
Bradford Allen is pleased to share with you our latest office market report. This quarter in the downtown office market: Absorption levels improved but remained negative at -300,000 s.f. for Q2 Direct vacancy increased to 18.4% The gross asking rate for the market is $42.87 p.s.f. Sublet availability slightly increased from 3.9% in Q1 to … Read more
Q1/22 Downtown Chicago Office Market Report
Bradford Allen is pleased to share with you our latest office market reports.Chicago’s downtown office market remained dynamic amid distress in Q1/22 as the flight-to-quality trend continued. With a direct vacancy rate above 18%, rising sublet availability, high-profile properties in distress and ample new deliveries, tenants are finding enticing concessions. Digging beneath the headline statistics, … Read more
Year-End 2021 Suburban Chicago Office Market Report
Bradford Allen is pleased to share with you our Year-End 2021 Suburban Chicago Office Market Report. This quarter in the suburban office market: The overall sublet availability rate increased from 3.9% to 4.5%. Overall direct vacancy and availability rates were 27.4% and 32.7%. The market posted a $24.58 p.s.f. gross asking rate. There was 1.1 … Read more
Year-End 2021 Downtown Chicago Office Market Report
Bradford Allen is pleased to share with you our Year-End 2021 Downtown Chicago Office Market Report. This quarter in the downtown office market: The overall sublet availability rate remained relatively stable at 3.9%, quarter over quarter. Quarter over quarter, overall direct availability and vacancy remained flat at 19.8% and 15.2%, respectively. Overall, the market posted … Read more
Q3/21 Downtown Chicago Office Market Report
Bradford Allen is pleased to share with you our Q3/2021 Downtown Chicago Office Market Report. This quarter in the downtown office market: The overall sublet availability rate remained unchanged at 3.92%, quarter over quarter. Quarter over quarter, overall direct availability and vacancy rates rose from 19.5% to 20.1% and from 14.0% to 15.1%, respectively. Overall, … Read more
Mid-Year 2021 Downtown Chicago Office Market Report
Bradford Allen is pleased to share with you our Mid-Year 2021 Downtown Chicago Office Market Report. This quarter in the downtown office market: The overall sublet availability rate remained relatively stable at 3.93%, quarter over quarter. Quarter over quarter, overall direct availability and vacancy rose from 19.19% to 19.48% and from 13.47% to 14.01%, respectively. … Read more
Mid-Year 2021 Suburban Chicago Office Market Report
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 … Read more
