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.