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During the coronavirus pandemic, Americans left major U.S. cities in droves looking for more space for less money, and Chicago was no exception. Chicago saw its population drop by 0.5% during 2020, compared to 0.3% the year prior, and in 2020, the moving concierge app Updater reported that for the first time in four years it was helping more people move out of the Windy City than into it.
Along with all this, Chicago’s downtown office market vacancy rate hit 17% in Q2 2021, the highest ever recorded and up from 16.2% in Q1. But now, as vaccines continue to be distributed across the country and more people are making an effort to return to normal, many are asking: Is there a rebound ahead for Chicago’s commercial real estate market?
At Bisnow’s Chicago State of the Market event on Sept. 30 attendees will get a chance to hear local CRE experts like Pine Tree CEO Peter Borzak, Riverside CEO John O’Donnell, and Samir Mayekar, deputy mayor, Neighborhood & Economic Development, City of Chicago, answer this question and more.
Click here to register for this in-person event and to read about Bisnow’s safety guidelines and protocols.
Other speakers include:
Dan Rosenbloom, managing director, head of investments at Cadre
Maurice Cox, commissioner, Department of Planning and Development, City of Chicago
Collette English Dixon, executive director, Marshall Bennett Institute of Real Estate, Roosevelt University
Lee Kiser, principal and managing broker, Kiser Group
And more!
Along with discussing a potential market rebound, speakers will cover the city’s booming cannabis market and how CRE can take advantage of it, the continued growth of the Fulton Market neighborhood and its burgeoning life sciences scene and more.
Register here to be a part of these exciting discussions, as well as to take part in several in-person networking opportunities. After more than a year away, you don’t want to miss this chance to directly connect with some of the biggest names in Chicago CRE.
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