Chicago’s office market is showing evidence of a pulse on the leasing side, though tariffs and capital markets disruption could throw a wrench into some of the positive momentum.
Overall vacancy rate ticked up 10 basis points to 23.4% to kick off the year, according to a Colliers Q1 office report. But the muted increase in vacancy doesn’t tell the full story of potential leasing activity as the year progresses, one office tenant representative told Bisnow.