Chicago Office Property Appraiser
Chicago Commercial Appraisal Group has been appraising office buildings in the Chicago area for decades. The suburban Metropolitan Chicago Office Market has an average 13.9% overall vacancy rate (CoStar
) in the 1st quarter of 2021. Office values in Chicago are estimated to have ended 21Q1 at$214/SF, in line with market values this time last year. Looking forward, values are forecast to remain flat in 2021 before rebounding in 2022 on the back of stronger NOI growth and stable cap rates.
Our Chicago Office Appraisers are licensed by the State of Illinois and have many years of Property Appraisal experience. All Chicago Office Appraisals are reviewed by an MAI Designated Appraiser.Chicago Office Real Estate Appraisal
Chicago can be a complex market where Office Valuations can vary dramatically from block to block. Chicago area office vacancy rates have tremendous variation ranging from about 5.3% for class A properties in Lincoln Park to 24.6% in Fulton Market/ Near West neighborhood (1st quarter 2021 - Costar).
Chicago Commercial Appraisal Group maintains an excellent data base to help meet clients Chicago Office Property Appraisal needs. We have extensive experience in Chicago Area Office Estate Valuations, Chicago Office Property Tax Appraisals and Office Bank Appraisals.Chicago Office Tax Appraisal
The majority of Chicago Commercial Appraisal Groups work is in the area of Property Tax Appeals. Property tax rates vary considerably throughout the Chicago Office Market and have a profound impact on our Office Property Tax Appraisals. Our Chicago Office Tax Appraisers are well versed in Property Tax Appraisal issues. For a quality Office Appraisal, please call Chicago Commercial Appraisal Group today.CONTACT US TODAY
Or call 773-763-6750 for a free no-obligation consultation.