Q3/22 Downtown Chicago Market Report

Michigan Avenue in the fall.

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

Aerial view of 3333 Finley Point office building and the Downers Grove area.

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

Buckingham Fountain in Chicago, Illinois at sunset with skyscraper skyline in the background.

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

Chicago skyline from Ping Tom Park at sunset.

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

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