Bradford Allen is pleased to share with you our Mid-Year 2021 Downtown Chicago Office Market Report.
This quarter in the downtown office market:
- The overall sublet availability rate remained relatively stable at 3.93%, quarter over quarter.
- Quarter over quarter, overall direct availability and vacancy rose from 19.19% to 19.48% and from 13.47% to 14.01%, respectively.
- Overall, gross average asking rates declined to $41.13 p.s.f. from $41.49 p.s.f., year over year.