Downtown Chicago Office Market Continues to Sizzle

September 30, 2014


The weather may be cooling off, but the downtown office market has remained red-hot as companies of all sizes have adopted an increasingly positive outlook going into the final quarter of 2014. According to a report from Crain’s Chicago Business, the downtown vacancy rate dropped to a 5½-year low of 13.8 percent in the third quarter, down from 14.7 percent a year earlier. With new office towers still years from completion and existing spaces harder to find, short-term leases continue to offer tenants the most flexibility, yet lack the stability of a long-term lease. Taylor Johnson client Amata Office Solutions weighed the benefits of each in a recent blog post, which you can read here.


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