2018 2nd Quarter Chicago Suburban Market Overview

July 30, 2018

The Chicago Suburban office market had a surprisingly strong second quarter with 871,534 feet of positive absorption and a 1.25 percentage point decrease in the overall direct vacancy rate. However, without significantly more leasing activity, the market cannot be expected to improve substantially in the upcoming years.

2018 2nd Quarter Chicago CBD Market Overview

July 24, 2018

The direct vacancy rates for Chicago's CBD are expected to remain stable for the remainder of 2018. However, an increase is expected in 2019 when the 2.7 million square foot Post Office redevelopment is completed. What does this mean for Chicago's downtown office market once the new space comes online? Read more.

2018 2nd Quarter Market Beat

June 27, 2018

MBRE's Q2 Market Beat explores coworking's rapid expansion in Chicago and around the country, and how this trend will continue to radically transform the office market.

2018 2nd Quarter CBD Snapshot

July 02, 2018

The Chicago Market Snapshot provides a quick, comprehensive glance at the state of Chicago's downtown office market.

2018 2nd Quarter Market Index

May 21, 2018

The Market Index is a quarterly report published by our Research team that analyzes the state of Chicago's office market based off of MBRE's proprietary vacancy index. The index includes the last thirty Class-A buildings greater than 300,000 square feet constructed in the city's Central Business District (CBD).

2018 1st Quarter Chicago Suburban Market Overview

May 03, 2018

Chicago's suburban office market had a positive first quarter, with 319,986 square feet of positive absorption and a 19 basis point decrease in the overall direct vacancy. Despite a good start to the year, the suburban office market still has a significant number of large vacancies. These office developments will need substantial rehabs and added amenities in order to be competitive with today's tenants. Read our full report to learn more.

2018 1st Quarter Chicago CBD Market Overview

April 23, 2018

Chicago's downtown office market is off to a strong start in the first quarter of 2018. However, over 2 million square feet of new inventory slated for delivery this year is expected to increase direct vacancy, testing the market's resilience. Read our full report to learn more.

2018 1st Quarter Market Beat

March 27, 2018

Although Chicago's Suburban office market has struggled to bounce back since the recession, there are clear reasons to be optimistic about its future performance despite what the current data suggests. However, the market is now dominated by businesses looking for quality over quantity, meaning owners of the largest available blocks need to get creative in their approach to finding new tenants.

2018 1st QUARTER CBD SNAPSHOT

April 02, 2018

The Chicago Market Snapshot provides a quick, comprehensive glance at the state of Chicago's downtown office market.

MBRE Update: 1st Quarter 2018 Shadow Space

March 08, 2018

The MBRE Update covers current topics in the Chicago office market and provides an updated analysis of MBRE's previous research. In September of 2017, we determined that new developments created approximately 1.6 million square feet of shadow space. This report analyzes how much of that shadow space is now vacant and how much is left now that those developments are completed and more are underway.

2018 1st Quarter Market Index

March 07, 2018

The Market Index is a quarterly report published by our Research team that analyzes the state of Chicago's office market based off of MBRE's proprietary vacancy index. The index includes the last thirty Class-A buildings greater than 300,000 square feet constructed in the city's Central Business District (CBD).

2017 4th Quarter Chicago CBD & Suburban Combined Market Overview

February 21, 2018

Chicago’s CBD office market remained strong in the fourth quarter of 2017, while the suburban office market also had a surprisingly strong quarter. The two office markets had direct vacancy rates of 12.26 percent and 21.7% and positive absorption of 177,463 and 622,493 square feet, respectively.

2017 4th Quarter Chicago Suburban Market Overview

February 21, 2018

The Chicago suburban office market had a surprisingly strong quarter, with 622,493 square feet of positive absorption, bringing the 2017 total up to 169,551 square feet. The overall direct vacancy rate decreased from 21.8 percent at the end of the third quarter to 21.7 percent.

2017 4th Quarter Chicago CBD Market Overview

January 25, 2018

Chicago’s CBD office market remained strong in the fourth quarter of 2017 with a direct vacancy rate of 12.26 percent and 177,463 square feet of positive absorption. Total absorption for the year was 924,580 square feet, while the direct vacancy rate increased by 91 basis points from 11.4 percent at the end of 2016 due to increased inventory.

2017 4th Quarter CBD Snapshot

January 03, 2018

The Chicago Market Snapshot provides a quick, comprehensive glance at the state of Chicago's downtown office market.

2017 4th Quarter Market Beat

December 20, 2017

The Market Beat is a quarterly report published by our Research team providing insight on a developing trend in Chicago's Central Business District (CBD) office market. This quarter's report covers the recent disappearance of much of downtown's class-C inventory.

2017 4th Quarter Market Index

November 13, 2017

The Market Index is a quarterly report published by our Research team that analyzes the state of Chicago's office market based off of MBRE's proprietary vacancy index. The index includes the last thirty Class-A buildings greater than 300,000 square feet constructed in the city's Central Business District (CBD).

2017 3rd Quarter Chicago Suburban Market Overview

November 02, 2017

The Chicago Market Overview for the city's suburbs is a comprehensive quarterly report on the current state of the suburban office market. MB Real Estate's Research team combines detailed data with timely insight to give clients an up-to-date market outlook and forecast.

2017 3rd Quarter Chicago CBD Market Overview

October 18, 2017

The Chicago Market Overview for the city's Central Business District (CBD) is a comprehensive quarterly report on the current state of the CBD office market. MB Real Estate's Research team combines detailed data with timely insight to give clients an up-to-date market outlook and forecast.

2017 3rd Quarter CBD Snapshot

October 02, 2017

The Chicago Market Snapshot provides a quick, comprehensive glance at the state of Chicago's downtown office market.

2017 3rd Quarter Market Beat

September 26, 2017

The Market Beat is a quarterly report published by our Research team providing insight on a developing trend in Chicago's Central Business District (CBD) office market. This quarter's report covers the next wave of new office projects coming soon to downtown.

2017 3rd Quarter Market Index

August 24, 2017

The Market Index is a quarterly report published by our Research team that analyzes the state of Chicago's office market based off of MBRE's proprietary vacancy index. The index includes the last thirty Class-A buildings greater than 300,000 square feet constructed in the city's Central Business District (CBD).

2018 2nd Quarter Chicago Suburban Market Overview

July 30, 2018

The Chicago Suburban office market had a surprisingly strong second quarter with 871,534 feet of positive absorption and a 1.25 percentage point decrease in the overall direct vacancy rate. However, without significantly more leasing activity, the market cannot be expected to improve substantially in the upcoming years.