Family Office Briefing on research byLee & Associates·Apr 23, 2024
2024 Q1 Chicago, IL - Office
Chicago office vacancy rate reaches a record high of 16.6% in Q1 2024 — family offices should consider co-GP opportunities with disciplined operators.
Key Metrics
| Metric | Value |
|---|---|
| Vacancy Rate | 16.6% |
| 12 Mo. Net Absorption | -6,288,415SF |
| Average NNN Asking Rate | 30.01$/SF |
| SF Under Construction | 1,893,626SF |
| Inventory SF | 511,112,122SF |
Metrics extracted from the source report and independently fact-checked. Method →
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