Suburban Chicago office vacancy nears 30% as workspace cutbacks continue – Crain’s*
Fueled by big blocks of sublease space that hit the market, the share of available office space in the suburbs increased to 29.7% at the end of September from 28.9% midway through the year, according to real estate services firm Jones Lang LaSalle. The new vacancy rate is up from 27.3% a year ago and 22.1% when the COVID-19 pandemic began.