BY THE NUMBERS
CHICAGO—The past year was a slow one for the Chicago region's office investment market, according to a recent study by Newmark Knight Frank. Using data from Real Capital Analytics, the firm says investors spent $12 billion on properties in the metro area by the end of the third quarter, a 23% decline from the same period in 2016. “Across the market, the amount of time buildings have been sitting on the market has increased,” NKF says. “161 North Clark and 225 West Wacker Street have both been on the market since early summer.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
