Bradford Allen is pleased to share with you our Year-End 2021 Downtown Chicago Office Market Report.
This quarter in the downtown office market:
- The overall sublet availability rate remained relatively stable at 3.9%, quarter over quarter.
- Quarter over quarter, overall direct availability and vacancy remained flat at 19.8% and 15.2%, respectively.
- Overall, the market posted a $40.38 p.s.f. gross asking rate.
- The quarter posted 370,000 s.f. of positive absorption.