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The Chicago real estate market is even worse than Hong Kong’s, new data shows

“The total commercial real estate sales in Cook County, which includes Chicago, sank by 42% this year” writes Finanzen Net Gmbh for businessinsider.com. Hong Kong’s commercial real estate market tumbled 2.6% through the year as antigovernment demonstrations dragged the city into its first recession in a decade.Chicago’s commercial real estate posted the worst performance of all major metropolitan areas over the past year, The Wall Street Journal reported, even falling behind protest-stricken Hong Kong’s property market.The prices of office buildings, retailers, hotels, and apartments in Chicago fell 4.1% in the last year, according to Real Capital Analytics data cited by The Journal.
 
Source: businessinsider.com



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