Bradford Allen is pleased to announce that Andy DeMoss, Matt Wright, and Amy Zelasco have completed seven transactions at 209 W. Jackson in Chicago on behalf of Miami-based owner Market Street Real Estate Partners.
Predictably, vacancy and availability rates rose across virtually all submarkets as almost 3 million square feet of Class A office space was delivered during the past three months of 2019 to Chicago’s Central Business District (CBD).
The suburban office market saw its overall direct vacancy rate rise from the second quarter’s 19.16% to the fourth quarter’s 19.55%. The overall direct availability rate dropped from 25.11% to 24.16% over the same period.
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