First Quarter 2011 Chicago Downtown Office Market Report

Bouncing along the bottom: Downtown office market remains stable as it grinds through sublease space

The encouraging streak of recent quarters of positive net absorption did not continue during the first quarter, but we do not think this portends any real deterioration in the market. In fact, we continue to believe that the overall Chicago office market bottomed in early 2010, and any prolonged economic improvement will ultimately be reflected in the statistics over the medium term.

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