Bradford Allen is pleased to share with you our latest office market report. It was a familiar story in Q3 for Chicago’s downtown office market as headline statistics didn’t improve, nor degrade, materially over the prior quarter. Absorption was negative 600,000 square feet, bringing the year-to-date absorption to negative 2.6 million square feet. The direct … Read more
Bradford Allen is pleased to share with you our latest office market report. The second half of the year in the suburban office market: Absorption levels declined as -800,000 square feet was absorbed through the first half of 2024. The direct vacancy rate held steady at 24%. Available sublease space on the market decreased to … Read more
Bradford Allen is pleased to share with you our latest office market report. This quarter in the downtown office market: Absorption improved but remained negative with -67,000 square feet absorbed through Q2/24, resulting in a total of -1.9 million square feet through the first half of 2024. The direct vacancy rate reached 22% in Chicago’s … Read more
CHICAGO — Bradford Allen, a national full-service real estate firm, today released its Q1/24 Downtown Chicago Office Market Report showing that CBD average gross asking rents held steady at $43 per square foot. At the same time, the office vacancy rate continued to rise, surpassing 21%, and demand was soft, with negative absorption of 1.4 … Read more
Bradford Allen is pleased to share with you our latest office market report. This quarter in Chicago’s downtown office market: Absorption remained negative with -1.4 million square feet absorbed through Q1/24. The direct vacancy rate surpassed 21% in the CBD. Demand is increasing for move-in ready office suites which accounted for more than 38% of … Read more
Bradford Allen is pleased to share with you our latest office market report. The second half of the year in the suburban office market: Leasing activity remained above pre-pandemic levels with more than 5.2 million s.f. leased through 2023. Absorption remained negative with -930,000 s.f. absorbed through the back half of 2023, resulting in -1.2 … Read more
Bradford Allen is pleased to share with you our latest office market report. This quarter in the downtown office market: Absorption remained negative with -530,000 s.f. absorbed through Q4/23, resulting in a total of -1.6 million s.f. of net absorption through 2023. The direct vacancy rate surpassed 20% in the CBD. Available sublease space on … Read more
Bradford Allen is pleased to share with you our latest office market report. This quarter in the downtown office market: View ReportDownload PDF
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Chicago Suburban Mid-Year Market Report 2015
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Chicago Downtown Office Market Report 2Q’15
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