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United States | Chicago, IL

Report | Chicago CBD Office Insight - Q2 2016

Summary

East Loop continues to set the pace for all of Chicago’s CBD submarkets, extending its strong 2016 run into Q2. Through the first half of 2016, East Loop has recorded over 600,000 square feet of positive net absorption. 

We expect even stronger absorption numbers in this submarket next quarter as several tenants move in to space they leased earlier in the year.

Suburban migrations into the downtown area remain a focus for companies looking to compete for the best young talent. McDonald’s closed the largest CBD deal in Q2 with its new build-to-suit arrangement in Fulton Market.

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