Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(RealShare Chicago convenes at the Union League Club of Chicago October 23.)

CHICAGO-At first blush, Studley’s Q3 office report appears to be very optimistic, with the CBD demonstrating a vacancy decline from 17.6% to 17.2% from Q2 and suburban office space also showing moderate improvement. But Joe Learner, Studley’s EVP and co-branch manager points out that things aren’t quite as sunny as the numbers might be portraying.

“There are pockets of demand, partly coming from the technology sector,” he acknowledges. For instance, Google Inc. announced last summer that it would take down 572,000 square feet at the Merchandise Mart in the northwest loop area in a widely touted huge deal. A couple of months later, United Airlines announced its own large lease at Willis Tower.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.