Key Highlights:
- Class A continued resilience
The top segment of the CBD posted 84,481 square feet of direct net absorption. - Well-located submarkets drive occupancy gains
River North (257,662 square feet) and Fulton Market (109,687 square feet) were the submarket leaders for direct net absorption in the second quarter. - Leasing Activity creeps up
There was 1,970,410 square feet of Class A leasing activity, a 2.92 percent increase from the previous quarter. - Private and institutional buyers slowly return
Four buildings sold in the second quarter, highlighted by the $45.0 million ($34.26 per square foot) sale of 311 S Wacker Dr. - West Loop tallies deals
Four of the five largest second quarter transactions signed in the West Loop, highlighted by Golub Capital’s 205,450-square-foot relocation to the recently renovated 225 W Randolph St.