Third Quarter Market Reviews
Industrial Market Continues to Gain Momentum
The Chicago metropolitan area industrial market posted impressive third quarter results:
- Positive net absorption of 9.4 million
- Vacancy rate declined to 7.2%
- Construction completions totaled 5.2 million SF
- 10.6 million SF under construction
Please take a closer look at third quarter industrial market activity which includes charts, graphs and tables highlighting historic market fundamentals, year-to-date figures, significant sale and lease transactions for the overall industrial market as well as a breakdown by submarket. This report has been expanded and now includes the addition of the Southwest Cook submarket.
Download the complete industrial market review.
Suburban and CBD Office Markets Tighten
The Chicago suburban and CBD office market fundamentals showed third quarter improvement, marked by positive absorption totals and declining vacancy rates.
The suburbs garnered over 500,000 SF of positive net absorption, dropping the vacancy rate to 17.9%. Absorption in the CBD totaled 265,000 SF, decreasing vacancy to 11.6%.
Please take an in depth view of the state of Chicago’s office market that includes chart, graphs and tables highlighting historic market fundamentals, year-to-date figures, significant sale and lease transactions for the overall office market as well as a breakdown by submarket.
For further information regarding the content of these market reviews, please contact:
Kelly (Brown) DeBouver | Senior Research Manager
630 693 0645
If you are interested in attending a custom market overview presentation, please contact:
John R Picchiotti | Chief Operating Officer, Brokerage
630 691 0608