Q4/22 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 negative to end the year, posting -600,000 s.f. in Q4/22
  • Direct vacancy increased to 18.9%
  • The gross asking rate for the market is $42.64 p.s.f.
  • Sublet availability remained relatively unchanged at 4.2%