Around Town

Downtown Chicago Vacancy Rate Continues to Drop

Downtown Chicago's building vacancy rate dropped to 13 percent in second quarter 2015, down from 13.3 percent in first quarter 2015. According to Chicago Real Estate Daily, that's the lowest vacancy rate since 12.4 percent at the end of 2008.

The publication's June 29, 2015, article, "The hunt for downtown office space keeps getting harder," reports that in second quarter 2015 space demand was the highest since third quarter 2007. 

River North remains the downtown submarket with the lowest vacancy, with new buildings seeing strong leasing activity.

 

 
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