Suburban Chicago office vacancy nears 30% as workspace cutbacks continue – Crain’s*

Fueled by big blocks of sublease space that hit the market, the share of available office space in the suburbs increased to 29.7% at the end of September from 28.9% midway through the year, according to real estate services firm Jones Lang LaSalle. The new vacancy rate is up from 27.3% a year ago and 22.1% when the COVID-19 pandemic began.
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debtsor
6 months ago

Companies used to move from the city to the suburbs, and sometimes from the suburbs back into the city. But these days, they just leave Illinois altogether. Meanwhile, the middle class flees all of this. At the same time, the HR wine aunt cat lady takes her $120k a year job downtown, and the illegal immigrant sells ‘chalk-o-lot’ on downtown corners and suburban intersections for $5 a bar, and our politicians say “THIS IS PROSPEROUS PROGRESSIVE UTOPIA”

Last edited 6 months ago by debtsor

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