• <

  • <

    ANTICIPATING STRONG PERFORMANCE

    Vacancy rate in the CBD continues to fall as the second quarter follows up on the positive absorption of the first. Central Loop and West Loop properties were the main contributors to this positive growth. Demand in the downtown market appears strong with the record-breaking sale of 300 N. LaSalle and continued pre-leasing activity for new developments. MBRE anticipates the strongest downtown Chicago CRE performance since 2008 throughout the rest of this year.
    VIEW DETAILS

  • <

    CHICAGO COMMERCIAL REAL ESTATE CONTINUES TO RECOVER

    The Chicago suburbs experienced substantial positive absorption in the 2nd quarter attributable largely to the high performing East-West and Northwest submarkets. Class A in particular has seen an improvement year-to-date. Though large deals are infrequent,the growing momentum of smaller leases has helped recovery in the overall market. A number of recent renewals and expansions in the North and East-West submarkets signals select long-term stability as Chicago CRE continues to recover.
    VIEW DETAILS

  • <

    WHAT'S AILING THE SUBURBS?

    Recent gains in the suburbs could be indicative of the beginnings to a slow recovery following a major five year slump. However, the latest trend of corporations relocating all or part of their suburban campuses downtown, to chase a younger workforce and attract clients, could derail progress as more businesses mull over the possibility of a transition.
    VIEW DETAILS

  • <

    DIRECT VACANCY LEVELS FALL FOR INDEX BUILDINGS

    The MB Real Estate Index is comprised of the Chicago Business District’s 30 newest Class A buildings over 300,000 SF. Since March, 13 of the 30 indexed buildings have seen decreased vacancy rates. Index vacancy of 10.3% leads the overall market, and is indicative of long-term stability.
    VIEW DETAILS

CHICAGO MARKET OVERVIEW

The Chicago Market Overview is a comprehensive quarterly report on the CBD and the Suburban office market conditions. The MB Real Estate Research team combines detailed data with timely insight to guide clients on the market’s outlook.

2014 2nd Quarter Chicago Market Overview & Snapshots

2014 2nd Quarter Chicago Suburban Market Overview &Snapshots

CORE NATIONAL MARKET OVERVIEW

Additionally, MB Real Estate Research contributes to and com- piles the CORE National Market Overview, a detailed summary of national and network city office market conditions.

MARKETBEAT

On months between quarter-end, the Research team publishes the MB Real Estate MarketBeat. It alternates between analysis of a developing trend in the market and of the MB Real Estate Index, a leading indicator vacancy index based on the last thirty buildings constructed in Chicago’s CBD.

June 2014
- Direct Vacancy Levels Fall for Index Buildings.

May 2014
- What's Ailing the Suburbs?

ADDITIONAL INFORMATION

Please contact
Kristy Wenz at KWenz@mbres.com for past issues of the MBRE Chicago Market Overview, MarketBeat, or the CORE National Market Overview, as well as for additional MBRE Research Information.