Demand for office space nearly back to pre-pandemic levels in some cities, but not in Chicago, report finds
Briefly

from Chicago Tribune2 months ago
"Being in the middle of the pack is what we expected from Chicago," said Max Saia, VP of investor research for VTS.
Chicago Tribunehttps://www.chicagotribune.com/2024/02/06/demand-for-office-space-nearly-back-to-pre-pandemic-levels-in-some-cities-but-not-in-chicago-report-finds/
As of December, demand in Chicago stood at 45% of the pre-pandemic norm, a 10% decline from the previous year, VTS found.
Chicago Tribunehttps://www.chicagotribune.com/2024/02/06/demand-for-office-space-nearly-back-to-pre-pandemic-levels-in-some-cities-but-not-in-chicago-report-finds/
If Chicago offices stay empty for years, it could make it difficult for many owners to continue making mortgage payments, and the restaurants and stores that depend on office workers may not survive.
Chicago Tribunehttps://www.chicagotribune.com/2024/02/06/demand-for-office-space-nearly-back-to-pre-pandemic-levels-in-some-cities-but-not-in-chicago-report-finds/
Read at Chicago Tribune
#office-space #recovery #demand #remote-work
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