Bradford Allen is pleased to share with you our 2020 mid-year Chicago suburban office market report.
This quarter in the suburban office market:
- Net absorption was positive 77,400 s.f. for the quarter but negative 422,822 s.f. at mid-year.
- From year-end 2019 to mid-year 2020, availability rose 24.16% to 24.73% and direct vacancy rose 19.55% to 20.56%.
- Overall, the direct asking rate was $25.03 p.s.f., a $0.30 p.s.f. increase since year-end 2020.
To read the full report, click here.