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Office Statistics

United States | Chicago, IL

Report | Chicago Office Statistics - Q1 2011

Summary

Year-to-date net absorption for the Chicago metro market totaled negative 235,000 square feet, only slightly improved from first quarter 2010. Rental rates and total vacancy both remained flat when compared to the previous quarter. Average asking rental rates for the first quarter were $26.84 per square foot and total vacancy closed at 20.0 percent.

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