Thursday, April 21, 2016

CHICAGO'S BIGGEST TECH SUBMARKET: THE WEST LOOP

Photo from Bisnow.com
By: Chuck Sudo | April 21, 2016 | Bisnow.com

A new report by CBRE identifies Chicago's hottest tech submarket and it should surprise no one. Tech firms were nearly one-quarter of total CBD office leasing last year, and almost half (45.2%) of that was in the West Loop. The submarket has the lowest office inventory in the CBD with 4M SF, but is the place to be right now, spurred by high-profile tenants like Google's lease at 1KFulton. It's proven popular with developers looking to convert warehouse space into offices, and tenants seeking marquee addresses in the market. Read More....

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