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Office Insight

United States | Chicago, IL

Report | Chicago CBD Office Insight - Q2 2017

Summary

Chicago's multifamily and office sectors are booming as downtown development heats up. The city's hottest submarket, Fulton Market, is set for three major corporations to open offices at Fulton West, a Sterling Bay property. Already McDonald's landmark, 600,000-square-foot build-to-suit is under development in the neighborhood.

Going forward, the supply/demand balance will a key indicator to watch. As pre-leasing activity slows, we could be seeing the start of a cooling period for this cycle as tenants and landlords take a pause.

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