Suburban Chicago office market sinks further as vacancy proliferates – The RealDeal*

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.
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debtsor
1 year ago

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.

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