Chicagoland Office Construction Update

Chicago commercial office space available

Writing with an update on the Chicagoland office market.

Chicagoland Construction Updates

6.8 million square feet of new office is under construction, 90% of it in downtown and 75% of it above the 4th floor.  As long as tenants fear crowding in public transit and elevators, it will be difficult to lease this new office space.

Downtown Office Space Updates

Downtown Class A offices command a 75% rent premium over suburban Class A offices.  But new construction, coupled with softening demand, will depress downtown office rents and sale prices in the short term.

If the pandemic significantly disrupts three decades of re-urbanization, downtown and suburban office rents will converge for extended period.

Stay healthy and safe.

PS – Let me know if my commercial real estate brokerage services may benefit you or anyone you know.

Troy Golden
Golden Group Real Estate

For more on Golden Group Real Estate, read about our real estate services. Let us know if we can help you find office space for rent or buildings for sale.

Call us at our office at(630) 805-2463, or email us at for information on the latest available properties.


Troy Golden

November 20, 2020

Schedule an Appointment
Free Market Survey
Request a Survey on Office Buildings & Space Available

Thank you! Your submission has been received!

Oops! Something went wrong while submitting the form :(

Real Estate News & Talk
~the RENT Blog~

The RENT blog gives you the resources and tools you need to make the best decisions regarding your real estate needs.  We cover a broad range of subjects regarding office space, tenant needs and what to look for when investing in property.

Check out these great listings!

Schedule a Consultation with our Real Estate Specialists Today

Oak Brook office space, Naperville office space, Downers Grove office space, Lisle office space



To schedule a free consultation at our offices in Lombard call us at (630) 805-2463 or email us at to schedule a time to to talk about your real estate needs.

Our tenant and buyer representation real estate services are 100% free to our clients.  We are active commercial real estate brokers and work with all Oak Brook, Naperville, Downers Grove, Lisle, and Dupage County office buildings.  Golden Group Real Estate will show you both listed and unlisted investment properties.

Our Tenant Advisory Process

Use every resource to make the right business decisions for you AND your company!

Dupage county real estate services, Dupage county tenant representation


Stay informed with all the information you need to know when choosing, or moving your company to a new location.

Dupage county real estate services, Dupage county tenant representation

Real Estate News & Talk

View our collection of articles on a wide variety of topics related to real estate and business needs

Dupage county real estate services, Dupage county tenant representation

Networking Events

Come out to one of our events to meet and develop business relationships to last a lifetime

Dupage county real estate services, Dupage county tenant representation

Reviews & Social Media

We ensure every client gets the property they need, the terms they want, and
what's critical for their business.

5S640 Ridgeview Lane Naperville, IL 60540
Golden Group Real Estate