Q3/22 Downtown Chicago Market Report

Bradford Allen is pleased to share with you our latest office market report.

This quarter in the downtown office market:

  • Absorption levels turned positive for the first time this year at 221,780 s.f. for Q3
  • Direct vacancy remained relatively unchanged at 18.3%
  • The gross asking rate for the market is $43.94 p.s.f.
  • Sublet availability remained steady at 4.3%