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Q2/19 Downtown Chicago Office Market Report

Bradford Allen is pleased to share our Q2/19 office market reports. This quarter, in the downtown office market:

  • Net absorption was positive 796,185 s.f. for the quarter and positive almost one million s.f. year to date.
  • Year over year, direct availability dropped from 14.7% to 14.1%, and the direct vacant/available rate dropped from 10.5% to 9.4%.
  • ¬†Year over year, gross average asking rates climbed to $41.79 p.s.f. from $40.73 p.s.f.

To read the full report, click here.