Chi Offices' Global Cache
July 3, 2012
Chicago’s office market may still be in recovery mode, but it's exhibiting strong new allure for companies searching the world for young, talented workers, says Studley EVP John Goodman as he analyzes the mid-year stats. Studley places the overall downtown vacancy rate at 17.6%, down 0.1% from a year ago. But Google’s agreement to lease 500k SF at the Merchandise Mart and Salesforce’s commitment to take 116k SF at 111 W Illinois St show that Chicago’s appeal radiates beyond the Midwest. ...
... John says that the area, with a number of world-renowned universities, increasing cultural attractions, great neighborhoods, and an overflowing roster of summer fun, has companies that could be anywhere signing up for space here.
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