Chicago downtown office space vacancy rate ends year at record high levels

(The Center Square) – Wirepoints Executive Editor Mark Glennon warns Chicago’s dwindling business community could be riding into high-gear after 2025 ended with record-high downtown office vacancy rates.

As vacancies climbed to 28.2%, or more than double where they stood prior to the start of the COVID-19 pandemic, the latest declines driven by the rise of remote workers marked the 14th straight quarter rates have hit record-high numbers.

“It’s the anti-business attitude, high tech that are strangling us,” Glennon told TSC. “You never see any effort to make life easier for employers here. The state of Illinois is like one big oppressive intermeddling HR department with countless rules and regulations that strangle people.”…

Story continues

TRENDING NOW

LATEST LOCAL NEWS