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Wintrust Business Minute: Chicago’s office vacancy rate in 2024 ended at a record high
Manage episode 460953379 series 3035618
Steve Grzanich has the business news of the day with the Wintrust Business Minute.
Chicago’s downtown office vacancy rate ended 2024 at a record high. According to Crain’s, the share of available office space downtown rose to 26.3% during the final three months of the year. It’s the 10th consecutive quarter that the vacancy rate hit a record. The data is provided by real estate services firm CBRE. The downtown office vacancy rate climbed nearly 3% in just a year and is up from 13.8% at the beginning of the pandemic. The effects of remote work are mostly to blame as work patterns and work space needs have changed.
Also, a new study ranks Illinois as the 29th best state for entrepreneurs in 2025. Listen for more below:
Recent Posts
Wintrust Business Lunch
102 에피소드
Manage episode 460953379 series 3035618
Steve Grzanich has the business news of the day with the Wintrust Business Minute.
Chicago’s downtown office vacancy rate ended 2024 at a record high. According to Crain’s, the share of available office space downtown rose to 26.3% during the final three months of the year. It’s the 10th consecutive quarter that the vacancy rate hit a record. The data is provided by real estate services firm CBRE. The downtown office vacancy rate climbed nearly 3% in just a year and is up from 13.8% at the beginning of the pandemic. The effects of remote work are mostly to blame as work patterns and work space needs have changed.
Also, a new study ranks Illinois as the 29th best state for entrepreneurs in 2025. Listen for more below:
Recent Posts
Wintrust Business Lunch
102 에피소드
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