The Chicago Tribune reports on downtown Chicago's big problem :
the market is struggling to absorb the roughly 22.5 percent of the space that is available for lease or sublease or that is on the market because it will soon be vacated, up from about 11 percent six years ago.
and a friendly reminder:
about 75 percent of the new jobs are temporary ones that might or might not turn into permanent placements, said Mitchell Daniels, a labor economist for the State of Illinois.
Right in the middle of a giant national economic expansion and downtown Chicago's got recession style vacancy rates.What's going to happen to the vacancy rate during the next recession?
