"Rising Demand for Bargain Leases in Chicago's Loop Amidst Commercial Real Estate Crisis"
As companies downsize their office spaces in the Loop and move to trendier areas, a new trend is emerging where smaller firms and nonprofits are taking advantage of the vacant spaces at bargain rates. The high vacancy rate in the Loop has made it possible for organizations to upgrade to nicer spaces with more amenities and natural light. Nonprofits, in particular, have been able to improve their workplaces, which can help attract employees back to the office. This trend is expected to continue as companies continue to downsize and work remotely, pushing the vacancy rate even higher.