suburban

Chicago Suburban Mid-Year Market Report 2013 Improving Suburban Chicago Office Market Remains Tighter Than Statistics Suggest The suburban Chicago office market continued to improve during the first six monthsof the year. The overall, direct vacancy and sublease availability all slightly decreased to 18.3%, 17.4% and 2.7%, respectively. Although, the overall vacancy remains elevated at 18.3%, … Read more

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

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

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

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

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Chicago Suburban Office Market Report 3Q’11

Overall tone of suburban Chicago office market slowly improves, but market dynamics still favor tenants From the perspective of transaction activity and general interest in suburban Chicago office space, it is clear that the market has stabilized and improved since the depths of the financial crisis. However, the recovery continues to be slow and uneven. Overall … Read more

Signs of slow improvement continue to emerge in suburban Chicago, particularly in Class A Space Although the Chicago suburban office market appears to have stabilized, there is no escaping that significant excess supply, both direct and sublease space, continues to overhang the market. The good news is that leasing activity, which re-emerged and accelerated last … Read more

Despite sluggish leasing market, market fundamentals show signs of stabilization The Chicago suburban office market appears to have reached its bottom in 2010.  The overall annual net absorption (the net change in occupied space) and the year-to-date leasing activity seem to indicate that the market has begun to slowly recover.  Annual net absorption was essentially flat … Read more