Chicago downtown office space vacancy rate jumps to record high levels
Chicago's downtown office vacancy is at a record 28%; easing commercial-to-residential conversions could reduce vacancies and help revitalize the Loop into a residential community.
Chicago downtown office space vacancy rate jumps to record high levels
Chicago's Loop faces a record 28% office vacancy; remote work and rising rates cut demand, prompting commercial-to-residential conversions to revitalize downtown.