Family Office Briefing on research byLee & Associates·Apr 22, 2025
2025.Q1 Chicago, IL - Office
Chicago office market shows steady vacancy at 16.2% in Q1 2025 — family offices should consider co-GP opportunities with disciplined operators.
Key Metrics
| Metric | Value |
|---|---|
| Vacancy Rate | 16.2% |
| Available Office Space | 97.1million SF |
| Net Absorption | 740,980SF |
| Average Asking Rate | 29.38$/SF |
| Cap Rate | 9.92% |
Metrics extracted from the source report and independently fact-checked. Method →
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