The office vacancy rate across Chicago’s suburbs hit a record high of 32 percent at the close of 2024. That marked a rise from 30.2 percent the year before and a significant increase from the 22.1 percent observed at the start of the pandemic.
Apparently no company wants to expand in far-left, business unfriendly suburban Chicago. Few new office based businesses want to form in far-left, business unfriendly suburban Chicago. And apparently few residents want to go into the office in far-left, business unfriendly Chicago. It’s over – this is the doom loop.
Leaving Soon, just not soon enough
1 year ago
Skull and Cross Bones for the commercial Real Estate market in Illinois.
High taxes make for high rents and chase away customers.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Apparently no company wants to expand in far-left, business unfriendly suburban Chicago. Few new office based businesses want to form in far-left, business unfriendly suburban Chicago. And apparently few residents want to go into the office in far-left, business unfriendly Chicago. It’s over – this is the doom loop.
Skull and Cross Bones for the commercial Real Estate market in Illinois.
High taxes make for high rents and chase away customers.