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Chicago Office Market Dynamics, Q1 2026

The downtown Chicago edition tracks leasing, absorption and availability for one of the office markets CBRE and JLL identify as bottoming out.

OfficeChicagoIllinois
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Leasing activity grew 7.6% versus Q1 2025 and net absorption stayed positive for a third consecutive quarter, while the construction pipeline fell to 22.3 million square feet, the lowest in JLL's data.

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