Login

Chicago Office Subleasing Record Shows How Pandemic Is Slamming Major US Cities

Companies Are Said to Be ‘Very Calculated’ as They Rethink Space Needs, Layouts
Sublease space in Chicago’s central business district rose to a record as corporations rethink office needs in the pandemic. (CoStar)
Sublease space in Chicago’s central business district rose to a record as corporations rethink office needs in the pandemic. (CoStar)
By Jennifer Waters, Brandon Svec
CoStar News
October 20, 2020 | 8:00 P.M.

To see how the pandemic is hitting major downtown areas across America, take a look at Chicago. Companies in the third-biggest U.S. city are ditching office space at a rapid pace as the pandemic outstays its welcome, leading to a record number of square feet put up for subleasing while a new wave of prime workspace hits the market.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE