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Chicago & Midwest  + Downtown  + Office  |  July 17, 2018
Paul Bubny
By: Paul Bubny

Chicago Ranks High Among Office Markets: CushWake

The City of Broad Shoulders shows its strength in a comparison of the nation’s 25 largest office markets. Cushman & Wakefield said Chicago ranked high in an examination of the five key factors in attracting and retaining office occupiers: economic growth, population makeup, transportation options, costs, and commercial real estate fundamentals.

The city’s gross metropolitan product (GMP) is the third largest in the country at $497.3 billion. Chicago is one of the most diversified economies in the nation and home to more than 400 major corporate headquarters, including 36 in the Fortune 500.

Cushman & Wakefield noted that Chicago is also home to a huge talent pool and a strong roster of well-regarded educational institutions, including two of the world’s top business schools. Moreover, Chicago continues to represent the “bang for your buck” compared to other U.S. office markets, even as asking rents have increased 1.5% year over year.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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