CBRE: Office rents remain firm in Chicago downdown in 2Q15
According to CBRE’s latest Marketview of the office market in Chicago’s downtown, Class A rents in 2Q15 were over USD41 per square foot per month, up from a little over USD40 in mid 2014 and under USD39 in mid2013. Across the market as a whole, rents have remained firm at USD35.71. Absorption of space in 1H15 was 737,000 square feet, down from 798,000 square feet in the previous corresponding period. The vacancy rate is 12.2% and has been falling.
Source : August 2015/CBRE/Chicago/OFF