Family Office Briefing on research bySavills·Apr 27, 2023
Downtown Chicago 2023 Q1 Market Report
Downtown Chicago office leasing activity decreased 5.4% year-over-year in Q1 2023 — family offices should consider co-GP opportunities amid rising sublease supply.
ChicagoIllinois2023
Key Metrics
| Metric | Value |
|---|---|
| Leasing Activity | 1.8msf |
| Year-over-Year Leasing Activity Change | 5.4% |
| Sublease Supply | 7.6msf |
| Average Asking Rent | 42.63$/sf |
| Class A Asking Rent | 48.98$/sf |
| Availability Rate | 26.1% |
Metrics extracted from the source report and independently fact-checked. Method →
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