Suburban Chicago Office Market Signals Steady—Albeit Slow—Improvement Transaction activity within the suburban Chicago office market was relatively steady to begin the year, and a healthier tone continues to characterize the overall suburban market. Although the vacancy rate edged up during the first quarter from 18.3% to 18.6%, there continues to be ample interest from tenants … Read more
Momentum Continues Building for the Improving Suburban Chicago Office Market Transaction activity within the suburban Chicago office market accelerated during the second half of the year, and 2012 finished on a positive note. This improvement was echoed in most of the major market statistics, particularly the vacancy and absorption rates. The overall vacancy rate declined … Read more
Downtown Chicago Office Market Ends 2012 on the Upswing Despite all the challenges and questions facing the economy, there’s no denying that the downtown Chicago office market has been on the mend and finished the year on a positive note. Overall vacancies declined one full percentage point from the third quarter and ended 2012 at … Read more
Third Quarter Transaction Activity Heats Up In Suburban Chicago Office Market After cooling off during the first half of 2012, activity within the suburban Chicago office market accelerated during the third quarter. The increased confidence among large tenants was evidenced in a spate of noteworthy transactions. This was driven largely by a continued trend toward … Read more
Downtown Chicago Office Market Holds Steady, But Demand Points to Further Improvement Ahead The downtown Chicago office market ended the third quarter with overall availability and vacancy rates of 17.1% and 13.7%, respectively. Compared with the second quarter both are minor increases which can be attributed to the stagnant economic recovery and firms reducing their … Read more
Suburban Chicago Office Market Cools Off During First Half of 2012 The suburban Chicago office market hit a plateau during the first half of 2012. The overall availability rate has remained unchanged from the first to the second quarter of 2012, resulting in a mid-year figure of 27.3%. This remains slightly higher than the 26.8% … Read more
Slight Improvement for Downtown Chicago Office Market The status quo remains, with the second quarter statistics for the downtown Chicago office market. This is especially true in the context of our current macroeconomic environment that seems perpetually on the edge of crisis. Throughout the first six months of the year, the overall availability rate in … Read more
Steady first quarter for downtown Chicago office market  As 2011 drew to a close, the recovery in the downtown Chicago office market gained momentum, and the year ended on a positive note. Although activity was not quite as robust during the first quarter as compared to the flurry of activity in late 2011, the overall … Read more
Suburban Chicago office market takes a breather during first quarter 2012 The suburban Chicago office market ended 2011 on a high note, perhaps compensating for several years of pent up demand. As we previously reported, the overall tone of the market was much healthier despite a lingering supply and demand imbalance. Corporate tenants showed decidedly … Read more
2011 finishes on a positive note as the Downtown Chicago office market extends gains Without question, 2011 was a year of improvement for the downtown Chicago office market. Certainly challenges remain, but the overall tone has improved with the re-emergence of stronger demand. In fact, the improvement appears to have accelerated during the fourth quarter … Read more
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