many landlords continue to struggle through a five-year leasing slump as downtown tenants have cut back hiring and developers have continued to add supply to the market by building new skyscrapers. While the Class A availability rate is down from a peak of 18.7% in 2004, Chicago remains one of the weakest office markets in the country.Stacking up workers in a high rise without free parking doesn't appear to be the wave of the future.
Sunday, April 23, 2006
Chicago Remains One of the Weakest Office Markets in the Country
Crain's Chicago Business reports: