Year-End 2019 Suburban Chicago Office Market Report

This year in the suburban office market:

  • Net absorption was positive 331,551 square feet for the quarter, but negative 516,840 square feet for the year.  
  • From mid-year to year-end, direct availability dropped from 25.11% to 24.16%, while direct vacancy rose from 19.16% to 19.55
  • Overall, the direct asking rate was $24.73 p.s.f.  

To read the full report, click here.