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	Podcast:		Wintrust Business Lunch
	Episode:		Wintrust Business Minute: Office vacancy in Chicago suburbs at record high
	Category:		Business
	Duration:		00:00:00
	Publish Date:		2023-07-18 20:44:17
	Description:		Steve Grzanich has the business news of the day with the Wintrust Business Minute. The office vacancy rate in the suburbs has ticked up again and is now at a record high. Real estate services firm Jones Lang LaSalle says the suburban office vacancy rose to 28.9% in the second quarter, up from 28.5% in the first quarter. A year ago it was 27.1% and at the beginning of 2020 it was 22.1%. The data is further evidence that companies are still shrinking office footprints as remote work continues. JLL says the suburbs have lost more than 3 million square feet of office space since 2020, nearly the same amount that was lost during the Great Recession that started in 2008. Also, Blue Cross & Blue Shield of Illinois has 300 jobs to fill at its customer service center in Chicago’s Pilsen neighborhood. Listen for more below:
	Total Play:		0