Chicago’s Suburbs Suffer from Companies’ Flight to CBD

Chicago’s Suburbs Suffer from Companies’ Flight to CBD

As members of the millennial generation continue to choose downtown living, the companies that follow them may be the bigger story of the economic recovery. But this flight to urban cores is coming at the expense of suburban class-A office parks.

Suburban Chicago’s 155-million-sq.-ft. office market, which now has approximately a 23 percent vacancy rate, shows a continued struggle for relevancy. The Windy City’s suburbs experienced 1.2 million sq. ft. of ne

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TAGS: Leasing Office
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