Chicago office market in freefall amid national downturn
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Chicago office market in freefall amid national downturn

Hicham ALAOUI RIZQ
February 22, 2026
Office towers discounts reach 90 in Chicago as downtown real estate values plummet. Historic buildings like 401 S. State St. sold for $4.2 million, down 94 from 2016.

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Office towers discounts reach 90 in Chicago as downtown real estate values plummet. Historic buildings like 401 S. State St. sold for $4.2 million, down 94 from 2016.

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