Suburban Office Market Showing Signs of Opportunity for New Development

Original Post: GlobeSt.com | Re-post Cawley Chicago 2.27.17

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On the surface, the Chicago suburban office market still looks troubled. It continues to have an elevated vacancy rate, and experienced negative absorption during 2016. But behind the scenes, some developers see opportunity, especially when it concerns demand for new class A space, and have begun unveiling proposals for new developments. Time will tell if this group can secure prospective tenants for their proposed buildings and begin breaking ground.

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