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Mid-Year 2019 Suburban Chicago Office Market Report

Bradford Allen is proud to release our Mid-Year 2019 Office Market reports. This year, in the suburban office market:

  • Net absorption was negative 147,587 s.f. for the quarter and negative 613,681 s.f. year to date.
  • Direct availability and vacant and available stood at 25.11% and 19.16%, respectively.
  • Overall, the direct asking rate was $24.76 p.s.f.
  • Lake County unemployment dropped from 3.8% to 3.4%; DuPage County rose to 2.8% from 2.6%; and Cook County rose to 3.6% from 3.4%, year over year.

Download the full report here.