Bradford Allen is pleased to share with you our Q3/2021 Downtown Chicago Office Market Report.
This quarter in the downtown office market:
- The overall sublet availability rate remained unchanged at 3.92%, quarter over quarter.
- Quarter over quarter, overall direct availability and vacancy rates rose from 19.5% to 20.1% and from 14.0% to 15.1%, respectively.
- Overall, gross average asking rates declined from $41.13 p.s.f. to $41.07 p.s.f., quarter over quarter.