Year-End 2021 Downtown Chicago Office Market Report

Chicago downtown river, bridges, and building's skyline in the winter.

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

Aerial view of Magnificent Mile district buildings near DuSable Lake Shore Drive and Lake Michigan.

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

African American businessman in a suit and riding the train,

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

Top down view of a highway interchange.

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

Q1/21 Downtown Chicago Office Market Report

Aerial of downtown Chicago at dusk.

Bradford Allen is pleased to share with you our Q1 2021 Downtown Chicago Office Market Report. This quarter in the downtown office market: The overall sublet availability rate rose from 3.83% to 3.87%, quarter over quarter. Quarter over quarter, overall direct availability and vacancy rose to 19.19% from 17.90%, and to 13.47% from 11.98%, respectively. … Read more

Q4/20 Downtown Chicago Office Market Report

View of skyscraper from ground.

Bradford Allen is pleased to share with you our Q4 2020 Downtown Chicago Office Market Report. This quarter in the downtown office market: The overall sublet availability rate doubled from 1.90% to 3.83%, year over year. Quarter over quarter, direct availability and vacancy rose to 17.90% from 16.51% and to 11.98% from 10.86%, respectively. Overall, … Read more

Bradford Allen secures 180 N. Wacker leasing assignment in Chicago CBD

Bradford Allen is pleased to share with you our 2020 third quarter office market report. This quarter in the downtown office market: Direct net absorption was positive 150,562 s.f., posting a total of 303,703 year to date. Year over year, direct availability rose from 14.02% to 16.51%. Year over year, gross average asking rates dropped … Read more

Q3/20 Downtown Chicago Office Market Report

Bradford Allen is pleased to share with you our 2020 third quarter office market report. This quarter in the downtown office market: Direct net absorption was positive 150,562 s.f., posting a total of 303,703 year to date. Year over year, direct availability rose from 14.02% to 16.51%. Year over year, gross average asking rates dropped … Read more

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