Bradford Allen Logo

Third Quarter 2017 Chicago Downtown Office Market Report

Corporate executives and eager developers tout the draw of downtown Chicago to recruit talent and consummate deals. Some sectors, notably tech, echo their enthusiasm through the numbers: almost 30% more new-lease and lease-expansion transactions occurred in 2017’s third quarter compared to the second quarter, coupled with a modest drop in direct availability from 15.6% to 15.0%.

 

To read the full report click here.

 

Second Quarter 2017 Chicago Downtown Office Market Report

With two million square feet under active construction and another proposed eight million square feet possibly materializing within Chicago’s Central Business District (CBD) over the next three years, it is no wonder the downtown office market is showing signs of overdevelopment strain, particularly in the West Loop.

 

To read the full report click here.

 

Mid-Year 2017 Chicago Suburban Office Market Report

At its core, Chicagoland’s suburban office market underpinnings are strong. Excellent access to Chicago, O’Hare, Midway, cutting-edge research in diverse industries, prized public school systems, and investment capital shall remain a draw for companies to ply their trades and families to call home.

 

To read the full report click here.

 

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.