Demand for Chicago downtown office space has hit record lows for 11 months, with vacancy rates rising nearly 14% since the pandemic began. The overall vacancy rate is now at 26.5%, with the central business district occupying 2.1 million square feet less than in previous years. This decline affects local businesses due to reduced foot traffic. Experts suggest that reducing red tape, addressing pension debts, and tackling crime are essential for revitalizing the area. Newer buildings are faring better, with lower vacancy rates compared to older ones.