The Chicago-based company this month formally began marketing more than 61,000 square feet at its Aon Center headquarters for sublease, representing about 30% of JLL's workspace in the East Loop skyscraper. Separately, another big new sublease listing hit the market in recent weeks from cybersecurity company Trustwave, which put its entire 71,792-square-foot office at 70 W. Madison St. up for grabs. The pair of new listings add more available office space to a downtown market already awash in it. The office vacancy rate in the central business district reached an all-time high of 22.6% midway through the year.
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.
Is it a good sign when real estate companies reduce their real estate? Guessing no.
Been to the Loop on weekday lately — looks like you’re in Englewood — no one there who looks like they have a job or a non-shady reason to be downtown
WP, keep us readers posted on this development. So goes JLL, so goes downtown commercial property, retail shopping, dining, and nightlife…..