Suburban office demand is at its highest in 2 years. You couldn’t tell that from vacancy numbers. – Crain’s*

Companies in the Chicago suburbs just generated the second-best quarter of office demand since 2019. But it didn't move the needle for landlords desperate for the end of their post-COVID slide. The share of available office space across the suburbs inched up over the last three months to an all-time high of 31.4%, according to data from real estate services firm Jones Lang LaSalle. The new vacancy rate is up from 29.7% one year ago and 22.1% at the beginning of the public health crisis, having now hit new record highs for 15 consecutive quarters.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Wirepoints’ Mark Glennon on AM560: Why We Need to “Relentlessly” Make the Blue State-Red State Case

Glennon raised the stakes of the moment in broader civilizational terms: “This election in Illinois is not about the usual pedestrian issues… it’s about nothing less than whether Western civilization survives in our democratic republic of America because [the left], just on the open border alone, will destroy the country, and now they’re bringing in the jihadists, frankly, into the party.” Audio and summary linked here.Audio and summary linked here.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE