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Office Landlords in Chicago's Fulton Market Brace for Wave of Competition

As Office Leasing Activity Slows Around Chicago, Fulton Market Set to See Nearly 1.9 Million Square Feet Come On Line
Shimmering office buildings are set to rise in what was formerly a meatpacking and warehouse district, creating additional supply in a market hit hard by the coronavirus pandemic. (Walton Street Capital)
Shimmering office buildings are set to rise in what was formerly a meatpacking and warehouse district, creating additional supply in a market hit hard by the coronavirus pandemic. (Walton Street Capital)
By Denes Juhasz, Brandon Svec
CoStar Analytics
September 15, 2020 | 11:46 P.M.

There is no other neighborhood in the Chicago market that has transformed more over the past decade than Fulton Market. What was once a meatpacking and warehousing district has quickly become one of Chicago’s hottest neighborhoods for office and multifamily development. As young college-educated renters moved in, so too did large employers seeking younger talent, with companies such as Google, McDonald’s and Glassdoor all taking up significant space in the area.

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