The Chicago office space market exhibits a mixed landscape characterized by a moderate recovery in office leasing and stable vacancy rates hovering around 17 percent. Due to ongoing hybrid work models, demand has shifted towards flexible office environments, with coworking spaces experiencing significant growth, accounting for approximately 10 percent of the total office footprint.
Rising rental rates in sought after submarkets, signal a potential rebound, particularly in areas like the West Loop and River North, where amenities and access to transit are highly valued. For small businesses, this evolving landscape presents opportunities amidst challenges prioritizing flexibility and location can enhance competitiveness in securing appropriate office space. As firms navigate these trends, understanding the nuances of leasing options will be crucial for sustained growth.
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Showing 61 - 80 of 1000 buildings with 2,045 total listings
6621 N Clark St, Chicago, IL 60626
Rare direct lease. New HVAC, electric, windows and hot water heater. Lovely enclosed patio are available from May to October for an additional...
1 retail space 1,300 square feet.
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