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Chicago’s Office Historical Vacancy Average Climbs to New Heights

New Equilibrium Vacancy Marker Expected To Rise to Just Below 16% by 2026
CoStar Analytics
April 21, 2023 | 1:15 P.M.

Historically, tenants have had the advantage in Chicago’s office market. Occupancy levels are comparatively lower than the national average, giving companies an edge in office space negotiations with landlords.

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