Chicago’s suburban investment-grade office market is recording lower direct, sublet and total availability rates than its downtown peers — a first since downtown's direct availability rate began its serious ascent in 2023 while its suburban counterpoint remained relatively flat.
Chicago’s Suburban Office Market Languishes While Downtown Drowns
Suburban Owners Face Less Risk, Competition and More Room for Reinvention Than Urban Peers
By Rhea Stephen
CoStar Analytics
April 8, 2024 | 1:45 P.M.
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