Office Leasing Activity Plummets 75% As Occupiers Put Off Big Decisions

Statistics on the office sector’s Q2 performance are starting to emerge, and it’s apparent the ongoing pandemic has severely cut into leasing activity. With most of the offices throughout downtown Chicago either shuttered or staffed by skeleton crews, Q2 leasing dropped 75.4% from Q1, the lowest level of activity in about 15 years, according to Savills’ Q2 2020 Downtown Chicago report.

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RSK: There is more under the table sub-leasing going on than we know and soon it will be seen in listing services.



- - Volume: 8 - WEEK: 29 Date: 7/14/2020 9:27:51 AM -