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Office Insight

United States | Chicago, IL

Report | Chicago CBD Office Insight - Q1 2011

Summary

Economic conditions in the Chicago Metro area decelerated from the slow, uneven progress previously recorded.

The first quarter experienced increased deal velocity that suggested real estate decision makers are more comfortable with the economic and real estate environments and the future of their businesses.

Gains achieved in the first quarter will not translate into office space demand immediately however, as the general consensus believes many firms are able to grow into varying degrees of excess space before additional footage is needed.

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