fbpx
February 2017

REmark: Measuring Up: The Size of Post-Recession Office Absorption

Chicago’s suburban office market is nearing pre-recession levels of vacancy. To provide a better understanding of the massive amount of SF that has been absorbed following the economic slump, our latest REmark dives into the numbers and puts them into a more tangible measurement.

From 4Q 2007 to 4Q 2009, 6.2 M SF of vacant space was added to the Chicago suburban market. From 4Q 2009 to the end of 2016, 4.3 M SF of that vacant SF has been absorbed—that’s 100 acres! Since 4Q 2009, 41.5% of buildings in the Chicago market have decreased their vacancy levels and 24.0% have stayed the same.

To learn more, contact:

Amanda Ortiz
Director of Research
630 693 0645
aortiz@hiffman.com.

Recent Blog Posts

Brokerage
News
NAI Hiffman’s Brian Edgerton Assists in Merrillville Office Lease
July 2024

NAI Hiffman’s Brian Edgerton Assists in Merrillville Office Lease

Brokerage
News
Dan Leahy on NAI Global “How’s Biz?”
July 2024

Dan Leahy on NAI Global “How’s Biz?”

Brokerage
News
Checking the Pulse of Illinois’ Healthcare Sector with Brian Edgerton
July 2024

Checking the Pulse of Illinois’ Healthcare Sector with Brian Edgerton