At the end of 2022, the office vacancy rate in the central business district — most everything from Oak to Harrison streets and from the lake to Ashland Avenue — was 22.3%, compared with 20.3% 12 months before. Leasing slowed dramatically in 2022, and the report said for two straight years, more vacant space has hit the market than has been absorbed via leases.
Investments in those Class A buildings started years ago. These buildings won’t get financing unless they have major tenants lined up beforehand. The insinuation that this is somehow a pocket of demand is misleading. No one really knows what the future holds but the events leading up today have been grim and horrific. Lori and JB intentionally shut down Chicago. Then they kept it closed far too long, for equity, while spreading disinformation that minorities were disproportionately affected by the virus, so all of downtown must remain closed. Our leadership intentionally allowed the St. Floyd of Fentynal riots to destroy… Read more »
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.
Investments in those Class A buildings started years ago. These buildings won’t get financing unless they have major tenants lined up beforehand. The insinuation that this is somehow a pocket of demand is misleading. No one really knows what the future holds but the events leading up today have been grim and horrific. Lori and JB intentionally shut down Chicago. Then they kept it closed far too long, for equity, while spreading disinformation that minorities were disproportionately affected by the virus, so all of downtown must remain closed. Our leadership intentionally allowed the St. Floyd of Fentynal riots to destroy… Read more »
Good summary!
Lipstick on a pig.
Miss the Chicago you grew up in? Thank a Dem pol…..
Fake News Fraud Sun-Times trying to cover up the death of the Loop