Bradford Allen is pleased to share with you our Year-End 2020 Suburban Chicago Office Market Report.
This quarter in the suburban office market:
- Year over year, the overall sublet availability rate increased from 1.94% to 2.99%.
- From year-end 2019 to year-end 2020, direct vacancy and availability rose from 19.55% to 21.95% and 24.16% to 26.18%, respectively.
- Overall, the direct asking rate was $24.86 p.s.f., a $0.17 p.s.f. decrease from mid-year 2020.
To read the full report, click here.