The amount of available workspace in the central business district rose during the first quarter to 22.4%, up from 21.4% at the end of last year, according to data from real estate services firm CBRE. The new vacancy rate is up from 21.3% a year ago and dwarfs the 13.8% vacancy rate at the start of the public health crisis. Note: These occupancy numbers are based on what's leased. Actual occupancy based on usage is currently about 50%.
Ken Griffen left because the Chitty is a crime ridden piece of Schitt. Downtown is notown for the future years to come. Destroyed by the Chitty itself.
Want a cop? Call Punta Gorda Yacht Club.
debtsor
3 years ago
How exactly will this space be filled? How many billion dollar corporations will swoop into downtown Chicago and lease hundreds of thousands of square feet? How will future layoffs affect additional absorption? These are dire times for downtown CRE.
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.
Well, that was a pretty grim read.
Ken Griffen left because the Chitty is a crime ridden piece of Schitt. Downtown is notown for the future years to come. Destroyed by the Chitty itself.
Want a cop? Call Punta Gorda Yacht Club.
How exactly will this space be filled? How many billion dollar corporations will swoop into downtown Chicago and lease hundreds of thousands of square feet? How will future layoffs affect additional absorption? These are dire times for downtown CRE.