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Favorable Momentum for the CBD's Class B

CHICAGO—The office market got a bit of a pickup in the second quarter, and much of it was thanks to solid numbers for class B properties in the Central Loop.

By Brian J. Rogal | Updated on July 09, 2015

CHICAGO—The office market in Chicago’s CBD saw a bit of a slowdown in the first quarter, but a modest turnaround in the second has raised hopes that absorption in 2015 could at least approach the robust level in 2014, the city’s best year since the year before the recession.

“It’s hard to answer with any certainty,” MBRE’s Sara Spicklemire, senior vice president and managing director of leasing services, tells GlobeSt.com, but since first and second quarters tend to be slower, perhaps the market could still see one million square feet absorbed by the end of this year.

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