fbpx
July 2017

Brian Edgerton’s 2017 Mid-Year Medical Office Review & Forecast

Across a 42.2 million-square-foot inventory, the Chicagoland medical office market has been relatively flat over the past 18 months, with a year-to-date total net absorption of negative 112,000 square feet following an overall 2016 net absorption of 118,000 square feet. As a result, the vacancy rate has hovered between 12.5% and 13% during this time period. While the previous six years have seen a consistent absorption of space, averaging over 210,000 square feet per year between 2010 and 2015, the recent slowdown in activity may be a circumstance of the current political climate.

Recent Blog Posts

Culture
NAI Hiffman
June 2020

#happytohelp Last Stop Delivering Local Treats to First Responders

Brokerage
News
NAI Hiffman Timelines: Renovation and Reintroduction Leads to Leasing
May 2020

NAI Hiffman Timelines: Renovation and Reintroduction Leads to Leasing

Culture
#happytohelp Delivering Local Treats to First Responders
May 2020

#happytohelp Delivering Local Treats to First Responders