For years, the U.S. office market has been waiting for a sign that the worst was over. It might have one in the latest research from Newmark.
Chicago's industrial market crossed a threshold in the second quarter that it had never touched before. Average asking net rents topped $8 per square foot for the first time in the market's history, according to Adam Haefner, Managing Director at JLL, who also tallied roughly 25 million square feet of first-half leasing activity, above-average velocity by any measure.