Chicago's overall commercial real estate market maintains strong demand across most property types because it rarely struggles with overdevelopment, CoStar's market analyst team found as it plotted out the market’s combined under-construction data alongside its collective vacancy rates over the past 17 years.
Chicago’s Commercial Real Estate Market Is in Overall Balance
With or Without Office Space, Chicago’s Collective Vacancy Is Below Its 17-Year Average
By Rhea Stephen
CoStar Analytics
March 4, 2024 | 9:28 P.M.
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