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    2015 EXCELLENT YEAR FOR CHICAGO OFFICE MARKET

    2015 was an excellent year for the Chicago office market. In the fourth quarter the Chicago Business District (CBD) saw direct vacancy decrease by 1.2 percent to 12.0, the lowest it has been since 2010.
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    FINISHED ON A HIGH NOTE.

    The suburban office market finished the year on a high note with over a million square feet of net absorption after a strong fourth quarter of 967,329 square feet of absorption.
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    NEW SUBMARKET ON THE HORIZON

    What is the next new submarket that will attract the emerging tech tenants? Goose Island and the Clybourn/Elston Corridor. A number of growing companies have recently committed to leases in the area and investment activity has recently been picking up significant steam.
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    INDEX VACANCY STABLE

    Direct vacancy in the MB Real Estate (MBRE) Index decreased to 9.9 percent, the first time it has been below 10 percent in two years.
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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.

2015 4th Quarter Chicago Market Overview & Snapshots

2015 4th Quarter Chicago Suburban Market Overview

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.

December 2015
- Index Vacancy Stable

November 2015
- New Submarket on the Horizon

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.