Report | Chicago Tech Office Outlook - 2015
The tech sector in Chicago continues to mature, pushing landlords to invest in building upgrades to attract more tech firms to their locations.
However, despite relatively low costs and high start-up favorability, Chicago's biggest challenge is stiff competition from both the East and West Coasts of the United States for funding and acquisition opportunities.
Additionally, office rents have increased 8.6 percent in the past two years, and apartment rents have also increased, causing tech tenants to push traditional market boundaries and be more efficient with investment capital.
Learn more about current market conditions across Chicago—and how we expect them to shift in the coming months—specifically as they relate to the tech industry.
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