Discount rack
Recent sale prices vs. pre-pandemic sale prices In millions with most recent buyer
2025
A Crain's analysis of 18 prominent office properties in and around downtown that were sold during the past 18 months found they traded for a combined $712 million, which is 72% — or more than $1.8 billion — less than they were collectively worth when they changed hands in the years before the pandemic.
Source: Cook County property records, Crain's reporting
2018
600 W Chicago Ave. (3Edgewood)
$421.3 million loss
70 W. Madison St. (Namdar Realty Group/Mason Asset Management)
2024
2014
$289.6 million loss
333 W. Wacker Drive (Beacon Capital Partners)
2024
2015
$195.5 million loss
200 S. Wacker Drive (Glenstar/Patrick Halloran)
2025
2013
$147.0 million loss
303 E. Wacker Drive (601W)
2024
2018
$119.5 million loss
1 N. LaSalle St. (Namdar Realty Group/Mason Asset Management)
2024
2018
$95.0 million loss
605 N. Michigan Ave. (North American Real Estate)
2024
2016
$93.0 million loss
550 W. Washington Blvd. (Brog Properties)
2024
2013
$92.5 million loss
230 W. Monroe St. (Menashe Properties)
2023
2014
$77.0 million loss
1 N. State St. (Triple Double RE)
2024
2016
$66.8 million loss
150 N. Michigan Ave. (R2)
2024
2017
$60.6 million loss
400 S. Jefferson St. (The Chicago School)
2024
2013
$59.0 million loss
300 W. Adams St. (Igor Gabal)
2024
$34.0 million loss
213 W. Institute Place (Coastal Partners)
2023
2017
$26.5 million loss
216 W. Jackson Blvd. (Brog Properties)
2024
2013
$19.7 million loss
19 S. LaSalle St. (Igor Gabal/Envoi Partners)
2024
2019
$17.8 million loss
1333 N. Kingsbury St. (Zev Salomon/Structured Development)
2024
2017
$17.3 million loss
118 S. Clinton St. (Honore Properties)
2024
2019
$9.2 million loss
$14.0
$4.8
$10.5
$27.8
$4.2
$22.0
$2.6
$22.3
$17.0
$43.5
$4.0
$38.0
$38.5
$97.5
$60.0
$120.6
$13.0
$79.8
$45.0
$122.0
$18.5
$111.0
$47.0
$140.0
$18.0
$113.0
$62.5
$182.0
$68.0
$215.0
$125.0
$320.5
$85.0
$374.6
2012
$88.7
$510.0
Notes: 1 N State St. refers to the office portion of the building. 400 S Jefferson St. was bought by the school for its own use. 300 W. Adams St.'s pre-pandemic valuation is from a 2012 appraisal.