Sunday, April 23, 2006

Chicago Remains One of the Weakest Office Markets in the Country

Crain's Chicago Business reports:
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.