Note to readers from Mark Glennon re: Ukraine
May 6, 2026
4 Comments
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
-- Connecting the dots between our economy, government and business --
Audio and summary 
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
The ‘TRD staff’ (aptly monikered?) polishes the commercial real estate turd overmuch in their missive. They pretend that things are getting better simply because they aren’t getting worse at nearly the rate it had been previously. This is akin to the Captain of the aircraft claiming that the altitude is better because the descent steepness has lessened all while the ground looms ever nearer. The subleasing of existing contracts is simply a band-aid for those unfortunate enough to have signed up for too much space they no longer need or particularly want. This is not an indicator of health in… Read more »
Once Covid hit, our office went completely virtual. When the government filth finally realized that they caused irreparable damage to the economy and opened things back up, all of my employees had made life changes. If they were required to come back in full time, many of them would quit. I chose to keep my valued employees and let my office space lease expire. I saved my employees. I saved money on rent payments, insurance and utilities. I moved the situs of my business out of state and saved tax money. Business has never been better. The suburban office market… Read more »
Believe the suburban office vacancy rate was approximately 20% (2009) versus an increase to 31% now on occupied square footage that’s contracted more since 2020 than during the GFC, per the article. The market has “stabilized”? Can’t wait to see what they think unstable looks like.
It’s a blood bath. Every time I drive around I see vacant office buildings everywhere. And not just large office towers, but medium to smallish corporate HQ’s type buildings are vacant too. Lake-Cook Road for example is vacant office buildings from the Botanical Gardens all the way to 53. That demand is never coming back either.