Chicago office sales catch momentum in 2025
- Less than a quarter into the year, office sales in Chicago’s CBD have already reached their highest quarterly dollar volume in over two years.
- This activity has been driven entirely by private investors. Notable sales include 200 S Wacker, 600 W Chicago, and 311 S Wacker (pending), all transacting at steep discounts compared to previous trades.
- Consistent with trends over the past few years, these properties have sold at significant discounts of -68%, -83%, and -77%, respectively.
- This increased activity signals renewed interest in Chicago’s office market, with private buyers stepping in to capitalize on discounted assets, potentially setting the stage for future stabilization and recovery.
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