Downtown Chicago landlords’ post-2020 pain, mapped – Crain’s*

Led by troubled buildings in the urban core, almost $7.2 billion worth of Chicago-area commercial properties were distressed midway through the year, dwarfing the amount in any other major market except for New York City and San Francisco, according to research firm MSCI Real Assets. It's a historic wave of financial pain fueled by the highest interest rates in more than two decades, new work patterns and investors wary of betting on downtown Chicago. Crain's maps out prominent distressed buildings to track downtown's post-COVID fallout.