Office vacancies, industrial demand and adaptive reuse reshape Hoffman Estates market Presenters said suburban office vacancy remains elevated (about 26% overall; ~30% in Hoffman Estates) while small‑bay industrial and adaptive‑reuse projects (Bell Works, former Sears site) are absorbing demand; speakers said recovery is beginning but depends on large-block moves and utility constraints for data centers.

Hoffman Estates is witnessing a dramatic shift as industrial investments soar while suburban office vacancies linger around 30%, sparking a wave of adaptive reuse projects.

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