Report | Chicago CBD Office Insight - Q1 2016
The CBD’s strong leasing activity carried over into 2016, with the East Loop surprising many with its record low Class A vacancy rate.
The submarket also had the largest positive net absorption of any CBD submarket in Q1 due to move-ins from Kraft Heinz, Zeno Group and JLL’s expansion.
Across the CBD, total sublease availability has now risen to over three million square feet (as of Q1 2016). We believe that number could go even higher as more tenants expand their footprint to accommodate growth and large leases expire.
Learn more about what’s happening right now in Chicago’s CBD—and what we can expect over the next couple months—by downloading our Q1 2016 US Office Insight.
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