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As the commercial real estate market continues its recovery, new submarkets and neighborhoods are emerging and being redefined. Chicago's River North neighborhood is one such area. During the past few years, it's become one of the Midwest's most dynamic and increasingly attractive commercial office submarkets.

From a space-use standpoint, it has historically attracted design, advertising and architecture firms and art galleries, among other likeminded tenants. However, if recent market activity is any indication, this lively and trendy 24-hour neighborhood is now attracting large, more traditional office users such as law firms, financial services/ investment firms, associations and corporate headquarters. According to CBRE, River North now has the lowest overall downtown office vacancy rate in Chicago.

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