Total wreck of an office market
March 19, 2012
By: Alby Gallun
With the suburban office market still in a funk, Allstate Corp. has found a novel way to get rid of a big building it no longer needs: It's going to tear the place down. ...
... The suburban office vacancy rate is 25.6 percent, versus 25.5 percent a year ago, according to Studley Inc., a brokerage that represents tenants. The northwest suburbs had the highest rate of all four submarkets, 29.9 percent, compared with 27.2 percent a year ago. ...
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