CHICAGO—JLL recently released its 2015 Digital Skyline, a study of the top downtown office properties throughout the US, and the firm's researchers say leasing velocity among Chicago's trophy spaces increased during 2014. In fact, these top properties had their best year since the onset of the recession.
“Absorption reached an historic high of over five million square feet in 2014 and that is continuing into 2015 with almost 200,000 square feet of Skyline space absorbed in the first quarter alone,” the researchers found.
The 65 Chicago properties included in the report stretch from 300 E. Randolph St. near the lake to 1000 W. Fulton, one of the newest additions to Skyline, in the West Loop. All are all larger than 750,000 square-feet or taller than 30 stories. In addition, a Skyline building in Chicago has to meet three or more of the following criteria: it competes at the top of its respective submarket, it was built or significantly renovated since 1985, has a high-profile location, a recognized tenant profile, or has architectural significance.
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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.
