- Based on the notable sales over the past couple of years, most Chicago CBD office buildings are trading at a significant discount to their previous purchase price. Across these 19 transactions, the average reduction comes out to roughly 75%.
- Combined, these buildings sold for $4.59B in their prior transactions and just $1.14B most recently, a loss of roughly $3.46B in value
- 100 N Riverside Plaza and 175 W Jackson Blvd posted the steepest percentage declines in the group, both down roughly 87%.
- Price discovery for high-quality, well-leased assets may not be feeling such a heavy decline. Because these buildings haven't been forced to sell, the market has largely left their true current values untested.
Notable office sales in Chicago, last two years
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