Office landlords in the Central Loop are worried. About 2 million square feet of space is projected to become vacant within the next three years. And they face stiffer competition than ever before — no longer are they just competing with one another, they’re fending off owners with new product in fast-growing submarkets like the West Loop. “This is causing building owners in the Central Loop to come together and talk about ways in which
source https://therealdeal.com/2019/10/31/chicago-office-landlords-must-solve-a-2m-sf-problem-before-its-too-late/
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