The 2013 edition of Jones Lang LaSalle’s annual Chicago Skyline Review is hot off the presses, and the results are already catching the eye of the Chicago business media.
The report — which analyzes the stacking plans of the CBD’s 54 most important office buildings and gives a snapshot of the overall leasing climate here – is the latest evidence that “the squeeze is on,” to use the words of the venerable Chicago Sun-Times commercial real estate columnist David Roeder.
Roeder writes in his story on the report that demand is tepid largely in part to the fact that tenants are becoming more and more efficient in how they use space.
In fact, according to JLL Midwest & Great Lakes Director of Research Robert Kramp, average office workers today are alotted just 140 or 150 square feet, down from a benchmark standard of 220 square feet less than a decade ago.
To request a copy of the JLL Chicago Skyline report, send an email to Chicago.Skyline@am.jll.com.