Western Migration Strengthens
In the second quarter, the West Loop submarket had the highest leasing volume since 2014.
Chicago's CBD vacancy rate shed 30 basis points from last quarter to 12.2 percent. On average, over a five-year timespan, Chicago's CBD vacancy rate has shed 43 basis points per quarter.
Class A vacancy decreased by 23 basis points from last quarter to 10.88 percent. On average, over a five-year timespan, Chicago's CBD Class A vacancy rate has decreased by 60 basis points per quarter.
