Chicago shot to the top of the list of the hottest US office property markets last year as investors flocked from the east and west coasts towards cheaper prices in the Windy City.
The amount of office property changing hands in downtown Chicago soared to more than 26m square foot last year, nearly tripling from the year before, and shooting past midtown Manhattan’s property market, according to data from Cushman and Wakefield, the property services company.
LinkEOP may keep numbers up for 2007, but looking at sheer volume I wouldn't expect a repeat; offices don't get flipped like condos. Well, historically, they haven't. I suppose a new trend could emerge in anything.
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