Suburban office demand is at its highest in 2 years. You couldn’t tell that from vacancy numbers. – Crain’s*

Companies in the Chicago suburbs just generated the second-best quarter of office demand since 2019. But it didn't move the needle for landlords desperate for the end of their post-COVID slide. The share of available office space across the suburbs inched up over the last three months to an all-time high of 31.4%, according to data from real estate services firm Jones Lang LaSalle. The new vacancy rate is up from 29.7% one year ago and 22.1% at the beginning of the public health crisis, having now hit new record highs for 15 consecutive quarters.