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2021 Q4 Chicago Downtown Office Report

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Ramping up to Reoccupy

Twenty-two months out from the initial global COVID-19 outbreak, the City of Chicago moved into its “Reopening Phase” at the beginning of January 2022, thus allowing all businesses with stringent vaccination proof and mask requirements in place to reopen to the public. Though extensive office re-entry expectations in 2021 were delayed with the emergence of the Delta and Omicron variants, user activity in the Chicago office market is expected to pick up pace in 2022. With significant decreases in negative absorption in the final quarter of 2021, economic signs indicate a tipping point has been reached.


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2021 Q4 Chicago Downtown Office Report

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Sandy McDonald

Senior Director of Research

Chicago - Downtown

I am the senior director of research at Colliers | Chicago and lead the Office Advisory Group’s market research initiative. I am responsible for building and maintaining competitive market intelligence which includes the office properties database of property sales and leases, tenant information and comparable transactions.

I also manage daily operations including the collection and analysis of market and economic-related statistics, providing clients with customized reports and in-depth interpretation of underlying trends in the market. In addition, I compile proprietary quarterly office market statistics and reports for business development and client support purposes. I am considered an expert in the field and am frequently featured in industry newspapers and publications. 

I have 13 years’ experience in commercial real estate research. Prior to joining Colliers, I served as director of market research at Transwestern. Prior to Transwestern, I spent three years at DTZ (now Cushman & Wakefield) as the senior research analyst for Chicago. Prior to joining DTZ, I spent four years with Grubb & Ellis (now Newmark Knight Frank) in Chicago as an office research analyst and support for the industrial services team.

In addition to commercial real estate experience, I've had extensive experience in the mortgage industry as a mortgage sales executive with Option One Mortgage. I not only researched, marketed, brokered and sold mortgage products to clients but also managed a team of account managers, handling account issues and client resolutions. I also developed training, introduced new products to clients and streamlined procedures in company offices.

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