Market Reports

Bradford Allen is pleased to share our Q3/19 office market reports. This quarter, in the downtown office market: Direct net absorption was positive 402,062 s.f., posting a total of 1,257,481 s.f. year to date ear over year, direct availability declined from 14.1% to 14.02% Year over year, gross average asking rates climbed to $42.37 p.s.f. … Read more

Bradford Allen is pleased to share our Q2/19 office market reports. This quarter, in the downtown office market: Net absorption was positive 796,185 s.f. for the quarter and positive almost one million s.f. year to date. Year over year, direct availability dropped from 14.7% to 14.1%, and the direct vacant/available rate dropped from 10.5% to … Read more

Bradford Allen is proud to release our Mid-Year 2019 Office Market reports. This year, in the suburban office market: Net absorption was negative 147,587 s.f. for the quarter and negative 613,681 s.f. year to date. Direct availability and vacant and available stood at 25.11% and 19.16%, respectively. Overall, the direct asking rate was $24.76 p.s.f. … Read more

This quarter, in the downtown office market: Direct absorption was positive 371,026 SF, with total absorption up 477,105 for the quarter. Direct availability dropped from 13.97% to 13.90%, and direct vacancy dropped from 11.89% to 11.63% from last quarter. From Q4/18 to Q1/19, direct asking rents increased across all building classes, most notably in Class … Read more

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Check out Bradford Allen’s year-end quarter 2018 suburban office market report

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Check out Bradford Allen’s fourth quarter 2018 downtown office market report

The buoyancy of Chicago’s downtown office market continues into the third quarter with a positive absorption of over a quarter million square feet, totaling over two million square feet absorbed in 2018. In addition, year over year, direct availability dropped from 14.99% to 14.11% and direct vacancy dropped from 12.03% to 11.68% while direct asking … Read more

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Check out Bradford Allen’s mid-year suburban office market report

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Check out Bradford Allen’s second quarter downtown office market report

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Check out Bradford Allen’s first quarter 2018 downtown office market report