Bradford Allen Logo

Q4/19 Downtown Chicago Office Market Report

Bradford Allen is pleased to share our Q4/19 office market reports. This quarter, in the downtown office market:

This quarter in the downtown office market:

  • Net absorption was positive 1.12 million square feet for the quarter and positive 2.32 million square feet for the year.   
  • Quarter over quarter, direct availability rose to 14.35% from 14.02% and the direct vacancy rose to 9.49% from 9.3%.
  •  Year over year, gross average asking rates climbed to $41.25 p.s.f. from $40.51 p.s.f.

To read the full report, click here.