Chicago's commercial real estate climate may soon grow colder

Relatively unscathed during the residential meltdown, the other shoe may soon drop for the Chicago commercial real estate market.

[Pete]

This is no surprise, with the HUGE glut of office space added to the loop. It's not like there was ever a shortage to begin with; look around the loop at night and you see a lot of empty floors in office buildings. Anyone could have seen this coming.

[Matt]

"This is no surprise, with the HUGE glut of office space added to the loop. It's not like there was ever a shortage to begin with; look around the loop at night and you see a lot of empty floors in office buildings. Anyone could have seen this coming."

I'm not sure how true that is. Just because lights arent on at night dosent mean the floors arent occupied. Most companies shut them off to save energy. Believe it or not, theres still a shortage of prime Grade-A office space in the Loop (very new, high tech wired, etc). Thats why there are still plans for new buildings (River Pointe for instance, whose primary tenant is slated to be William Blair)
http://www.chicagorealestatedaily.com/cgi-bin...

[LoL]

Chicago is DUMP. Its over priced, policed and WAAAY over taxed. Combine this and the miserable winters and one must wonder why any sane person would want to be or do business here. Get out while you still can...

[John]

LoL wrote:

Chicago is DUMP. Its over priced, policed and WAAAY over taxed. Combine this and the miserable winters and one must wonder why any sane person would want to be or do business here. Get out while you still can...

Don't let the door hit you in the derriere.

[Joe]

Sanctuary city will get what it deserves soon.

[rezasantorini]

LoL wrote:

Chicago is DUMP. Its over priced, policed and WAAAY over taxed. Combine this and the miserable winters and one must wonder why any sane person would want to be or do business here. Get out while you still can...

If I thought it was a dump, I'd leave.