Suburban office market adjusts as tenants downsize and shift to higher-end buildings – Daily Herald*

Savills Regional Research Director Anders Klein said that while conditions have modestly improved among Class A buildings in some markets, there has been no sign yet of any overall recovery in the suburban office market apart from some diminishing of its stock. “Outside of O’Hare, availability has ticked lower in some areas as office buildings are targeted for repurposing and available office space is permanently pulled off the leasing market,” he said.