Chicago’s Supply & Demand Fundamentals Remain Healthy
West Loop Continues to Absorb Demand.
Chicago’s CBD vacancy rate increased by 30 basis points from last quarter to 12.3 percent. On average, over a five-year timespan, Chicago’s CBD vacancy rate has shed 74 basis points per year.
Class A vacancy increased by 40 basis points from last quarter to 10.6 percent. On average, over a five-year timespan, Chicago’s CBD Class A vacancy rate has decreased by 126 basis points per year.
