According to a new report on the fourth quarter from Cushman & Wakefield, the CBD showed strength in sales activity, but the vacancy rate remained elevated.
“At the end of 2013, overall vacancy was 14.8%,” the report notes. “Adjustments to the inventory sent vacant space up 0.7 percentage points since 2012. The West Loop showed the lowest overall vacancy at 14.0% but still up 1.1 percentage points from the previous year...”
“GoHealth’s 93,755-square-foot sublet at the Merchandise Mart is a good example of the rapid expansion by tech firms in River North,” according to a separate report from Studley.C&W: Vacancy Remains High in CBD
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