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First Quarter 2017 Chicago Downtown Office Market Report

During the first quarter of 2017, 150 North Riverside officially opened and welcomed Polsinelli, Studley and Linden Capital as tenants. In the largest deal of the quarter, Context Media signed a lease for 400,000 square feet at 515 North State Street.

 

To read the full report click here.

 

Fourth Quarter 2016 Chicago Downtown Office Market Report

This quarter one of Chicago’s two new office towers opened its doors to tenants, 444 West Lake welcomed tenants taking occupancy of roughly 140,000 square feet of the 1.1 million square-foot building. Vacancy ended the year at 11.0 percent.

 

To read the full report click here.

 

Year-End 2016 Chicago Suburban Office Market Report

Year-to-date net absorption dropped to negative 1.9 million square feet causing vacancy to climb to 19.2 percent. These weakening statistics were aided by the Zurich headquarters moving to its new headquarters as well as companies like Jim Beam and ConAgra moving from the suburbs downtown.

 

To read the full report click here.

 

Third Quarter 2016 Chicago Office Market Report

This quarter in the downtown market absorption reached 806,000 square feet aided by moves from WeWork and Motorola. Thanks to this positive absorption vacancy dropped to 11.5 percent, this is the sixth consecutive quarter of positive growth. Rental rates remained steady, declining a nominal $.09 to $36.14.

To read the full report click here.

 

Mid-Year 2016 Suburban Office Market Report

This quarter in the suburban market major leases signed by Paylocity, US Cellular and Combined Insurance helped leasing activity for the suburbs reach over 2.5 million square feet. Absorption dropped following Kraft Heinz’s move out of 650,000 square feet in the North Central region. Oak Brook based McDonald’s announced that they too would be moving operations downtown, relocating to the former Harpo Studios in Fulton Market.

 

To read the full report click here.