Chicago office vacancy rates worsen, card swipe numbers offer hope – Center Square

Wirepoints founder Mark Glennon said 28.6 percent is a terrible vacancy rate. When asked what people in the private sector could do about high office vacancy rates, Glennon said so-called civic leaders have been far too complacent and understated in their criticisms of government. “They’ve got to really take the bull by the horns and force some reforms on the city. It would start with crime. That's clearly a solvable problem if the city would get on it, and that's one of the factors that contributes to people not wanting to go downtown and makes work from home more popular,” Glennon said.
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Irish Patriot
1 month ago

I’ve been a while since I’ve been downtown but on the radio this morning I that there were homeless encampments at State and Congress, which of course, is a major deterrent for normal people who want to go downtown and enjoy the fruits of our urban offerings.

Leaving Soon, just not soon enough
1 month ago

At 28% vacancy the landlord and the bank are going to lose their A$$.

McLovin
1 month ago

With all the older office buildings being taken off line in favor of a new Cabrini Greens, the office vacancy would be much higher than it is.

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