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.
- Lake County unemployment dropped from 3.8% to 3.4%; DuPage County rose to 2.8% from 2.6%; and Cook County rose to 3.6% from 3.4%, year over year.
Download the full report here.
