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Downtown Chicago office leasing stabilizes, though remains well below pre-pandemic levels

Annual leasing volume has remained broadly in line with the post-pandemic average following a modest pullback from the 2025 peak
CoStar Analytics
August 24, 2026 | 11:00 AM

Annual office leasing in the Chicago central business district currently stands at approximately 8.6 million square feet, indicating that leasing broadly settled into a lower range than before the pandemic.

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