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Third Quarter 2013 Chicago Downtown Office Market Report

Improving Trend Continues as Downtown Chicago Office Market Records Positive Net Absorption

The downtown Chicago office market continues to improve. This is being driven by steady demand from tenants looking for CBD locations that can help them attract talent. This theme has been in play for several years now and is illustrated by both suburban and out-of-area employers relocating to downtown Chicago. It was again evident during the third quarter with the announcement that AT&T was relocating 500 workers from the Northwest suburbs to their office at 225 West Randolph Street.

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