BY THE NUMBERS
CHICAGO—Direct vacancy in Chicago's 30 newest class A office buildings with more than 300,000 square feet has decreased by 10 bps points to 9.0%, according to MB Real Estate, which issues a report on this subject each quarter. MBRE officials say this set of buildings, which contains some of the CBD's most desirable space, serves as a leading indicator of office market conditions. Meanwhile, the CBD direct vacancy decreased to 11.1% at the end of the first quarter of 2017, a 21 bps decrease from the previous quarter.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
