22.6% office vacancy rate for suburban Chicago in the 4th quarter is down from 23.4% in the previous quarter. More locally, the western section of the east west corridor (I88) remains among the highest in the Chicagoland submarket weighing in at 26.1%. While that rate still seems high keep in mind that this is the lowest level in more than 6 years, showing a long overdue recovery from the great recession. How much office space was leased last year? How about 1,643,439SF which is the
highest amount since 2005.
They say "The trend is your friend" hopefully in 2015 that will prove to be a very cozy relationship.
Tuesday, January 6, 2015
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