Stability Before Incoming Supply
Chicago’s CBD vacancy rate shed 30 basis points from last quarter to 12.5%. On average, over a five-year timespan, Chicago’s CBD vacancy has shed 32 basis points per quarter.
Class A vacancy decreased by 70 basis points from last quarter and has decreased 129 basis points from last year to 10.99%. On average, over a five-year timespan, Chicago’s CBD Class A vacancy has decreased by 0.56% per quarter.
Class B vacancy decreased by 17 basis points from last quarter and has increased by 173 basis points since last year. On average, over a five-year timespan, Chicago’s CBD Class B vacancy has decreased by 0.09% per quarter.
