Bradford Allen is pleased to share with you our Year-End 2021 Suburban Chicago Office Market Report.
This quarter in the suburban office market:
- The overall sublet availability rate increased from 3.9% to 4.5%.
- Overall direct vacancy and availability rates were 27.4% and 32.7%.
- The market posted a $24.58 p.s.f. gross asking rate.
- There was 1.1 million s.f. of negative absorption.