Bradford Allen is pleased to share with you our Q4 2020 Downtown Chicago Office Market Report.
This quarter in the downtown office market:
- The overall sublet availability rate doubled from 1.90% to 3.83%, year over year.
- Quarter over quarter, direct availability and vacancy rose to 17.90% from 16.51% and to 11.98% from 10.86%, respectively.
- Overall, gross average asking rates declined to $40.71 p.s.f. from $41.51, quarter over quarter.
To read the full report, click here.