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CHICAGO: Tech is Returning to the Loop

Tech used to be all about edgy space in up-and-coming ‘hoods, but large contiguous blocks of creative loft space are getting harder to come by, MB Real Estate EVP Andy Davidson says. The price discrepancy isn't what it used to be (some loft spaces have hit $30/SF gross rents), and many tech firms can now afford more upscale and conventional properties, he tells us. (Many of which have high ceilings just asking for a creative space makeover.) Some examples of techies loving the CBD: GrubHub at 111 W Washington; Vibes Media at 300 W Adams; and coworking spaces Coalition | Loop at 18 S Michigan and Grind at 2 N LaSalle.

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